Atlas Copco has agreed to purchase Lewa GmbH and Geveke BV and their subsidiaries from Japan’s Nikkiso Co Ltd in a €670 million deal.
Founded in 1952, Germany’s Lewa manufactures diaphragm metering pumps, course of pumps and full metering systems. The company employs round 1200 people and had 2021 revenues of €233 million.
“ diaphragm seal has a long custom of supporting customers and creating leading industrial circulate technology for efficient, precise and safe dealing with of fluids,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique Business Area. “Through this acquisition we’re building our presence and technology providing within optimistic displacement pumps.”
Geveke, which was based in 1874, distributes compressors and engineers advanced and complicated course of pump installations. The firm is headquartered in Amsterdam, the Netherlands, has 173 employees and had revenues of roughly €61 million in 2021.
“Geveke has strong engineering functionality, providing full industrial pump solutions from concept to commissioning,” said Atlas Copco’s Walker.
The acquisition is anticipated to be completed in the course of the second quarter 2022.
The primary a half of the acquired companies may have its base within the Power and Flow division inside Atlas Copco’s Power Technique Business Area and a smaller half will be part of the Service division within Atlas Copco’s Compressor Technique Business Area.
The Lewa and Geveke acquisition comes simply weeks after Atlas Copco unveiled
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