Atlas Copco has agreed to acquire the German industrial pump producer Pumpenfabrik Wangen GmbH from non-public equity firm Silverfleet Capital.
Image © wladimir1804 – stock.adobe.com.
Headquartered in Wangen in the Allgäu region of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used mainly within the biogas and wastewater sectors, and twin-screw pumps for food and beverage and cosmetics functions.
Pumpenfabrik Wangen has manufacturing facilities in Germany, a US subsidiary and a global gross sales and repair footprint. The company employs 265 people and had 2020 revenues of roughly €46.4 million.
“ เกจวัดความดันน้ำ is a segment that we have recognized as a strategic fit for Atlas Copco and Wangen Pumpen has main differentiated technology with a strong aftermarket business,” said Andrew Walker, president of Atlas Copco’s Power Technique enterprise area. “Wangen Pumpen is a powerful brand and is understood for quality in demanding industrial functions. This acquisition will create a stable foundation for additional progress in new industrial pump segments.”
The acquired business will turn out to be part of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
The deal is anticipated to be completed through the second quarter of 2022 and is topic to regulatory approvals.
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