Atlas Copco has agreed to acquire the German industrial pump producer Pumpenfabrik Wangen GmbH from personal fairness agency Silverfleet Capital.
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Headquartered in Wangen within the Allgäu area of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used mainly within the biogas and wastewater sectors, and twin-screw pumps for food and beverage and cosmetics functions.
Pumpenfabrik Wangen has manufacturing services in Germany, a US subsidiary and a worldwide sales and repair footprint. เกจวัดความดันแก๊ส employs 265 people and had 2020 revenues of roughly €46.4 million.
“Industrial pumps is a segment that we now have identified as a strategic fit for Atlas Copco and Wangen Pumpen has leading differentiated expertise with a strong aftermarket enterprise,” stated Andrew Walker, president of Atlas Copco’s Power Technique enterprise space. “Wangen Pumpen is a strong brand and is understood for high quality in demanding industrial applications. This acquisition will create a stable basis for further growth in new industrial pump segments.”
The acquired enterprise will turn out to be part of the Power and Flow division inside Atlas Copco’s Power Technique Business Area.
The deal is expected to be accomplished through the second quarter of 2022 and is topic to regulatory approvals.