Trillium Flow Technologies is shopping for Termomeccanica Pompe SpA, the Italian engineered pump manufacturing company that serves the ability, desalination, water transmission and oil and gas markets.
The two companies have signed a joint settlement that will deliver the Termomeccanica Pompe, Gabbioneta Pumps and Begemann manufacturers together underneath the Trillium umbrella in Italy.
When the deal closes, La Spezia-based Termomeccanica will concentrate on developing the ecological and gasoline compression sectors, the place its subsidiaries TME and TMIC function.
Trillium, a portfolio company of worldwide private equity investment agency First Reserve, is the previous Weir Flow Control enterprise. Reduced is a worldwide designer, producer and aftermarket providers supplier of engineered valves and pumps used in the water and wastewater, global power era, oil and fuel, mining, and general process industries.
Trillium says that Termomeccanica Pompe’s services combined with its Gabbioneta, Floway, WEMCO, WSP and Roto-Jet Pump choices uniquely place the corporate to offer clients with an extensive vary of complementary pump merchandise, related engineering help, and aftermarket companies.
“The acquisition will create a a lot bigger Italian engineered pump manufacturer by combining two sturdy legacy manufacturers with a extremely complementary product portfolio, installed base and service capabilities,” said Paolo Macchi, managing director of Gabbioneta Pumps. “The joint entity might be finest positioned to support our local and international customers in a more comprehensive and impactful means.”
Edoardo Garibotti, managing director of Termomeccanica Pompe, stated: “I fully help the venture that brings collectively a variety of the finest skills within the sector.”
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