Atlas Copco has agreed to acquire the German industrial pump producer Pumpenfabrik Wangen GmbH from private equity agency Silverfleet Capital.
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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 food and beverage and cosmetics applications.
Pumpenfabrik Wangen has manufacturing amenities in Germany, a US subsidiary and a global sales and repair footprint. The firm employs 265 individuals and had 2020 revenues of approximately €46.4 million.
“Industrial pumps is a section that we have recognized as a strategic fit for Atlas Copco and Wangen Pumpen has leading differentiated know-how with a powerful aftermarket enterprise,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique enterprise space. “Wangen Pumpen is a powerful brand and is understood for high quality in demanding industrial functions. This acquisition will create a strong foundation for further development in new industrial pump segments.”
เกจ์แรงดัน 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.