Atlas Copco has agreed to accumulate the German industrial pump producer Pumpenfabrik Wangen GmbH from private equity 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 meals and beverage and cosmetics functions.
Pumpenfabrik Wangen has manufacturing services in Germany, a US subsidiary and a worldwide sales and repair footprint. The firm employs 265 folks and had 2020 revenues of roughly €46.4 million.
“Industrial pumps is a segment that we have recognized as a strategic match for Atlas Copco and Wangen Pumpen has main differentiated expertise with a strong aftermarket business,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique enterprise area. “Wangen Pumpen is a strong brand and is known for high quality in demanding industrial purposes. This acquisition will create a strong basis for further development in new industrial pump segments.”
เกจวัดแรงดัน1บาร์ acquired business will turn into part of the Power and Flow division inside Atlas Copco’s Power Technique Business Area.
The deal is predicted to be accomplished through the second quarter of 2022 and is subject to regulatory approvals.