Atlas Copco has agreed to acquire the German industrial pump producer Pumpenfabrik Wangen GmbH from non-public fairness agency Silverfleet Capital.
Image © wladimir1804 – stock.adobe.com.
Headquartered in Wangen in the Allgäu area of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used mainly in the biogas and wastewater sectors, and twin-screw pumps for meals and beverage and cosmetics purposes.
Pumpenfabrik Wangen has manufacturing facilities in Germany, a US subsidiary and a global sales and repair footprint. The company employs 265 people and had 2020 revenues of roughly €46.four million.
“Industrial pumps is a phase that we now have identified as a strategic fit for Atlas Copco and Wangen Pumpen has leading differentiated know-how with a powerful aftermarket business,” stated Andrew Walker, president of Atlas Copco’s Power Technique business space. “Wangen Pumpen is a powerful model and is understood for quality in demanding industrial applications. หลักการทำงานของเกจ์วัดแก๊ส will create a stable foundation for additional growth in new industrial pump segments.”
The acquired enterprise will turn into a half of the Power and Flow division inside Atlas Copco’s Power Technique Business Area.
The deal is anticipated to be accomplished during the second quarter of 2022 and is subject to regulatory approvals.
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