Atlas Copco has agreed to amass the German industrial pump producer Pumpenfabrik Wangen GmbH from non-public fairness firm Silverfleet Capital.
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Headquartered in Wangen within the Allgäu region of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used primarily in the biogas and wastewater sectors, and twin-screw pumps for food and beverage and cosmetics functions.
Pumpenfabrik Wangen has manufacturing amenities in Germany, a US subsidiary and a global gross sales and service footprint. The firm employs 265 folks and had 2020 revenues of approximately €46.4 million.
“ pressure gauge แบบ น้ำมัน is a phase that we’ve recognized as a strategic fit for Atlas Copco and Wangen Pumpen has main differentiated technology with a strong aftermarket business,” stated Andrew Walker, president of Atlas Copco’s Power Technique business space. “Wangen Pumpen is a powerful model and is thought for high quality in demanding industrial functions. This acquisition will create a strong foundation for additional development in new industrial pump segments.”
The acquired business will turn into a half of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
The deal is expected to be completed through the second quarter of 2022 and is topic to regulatory approvals.
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