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 gasoline markets.
The two companies have signed a joint agreement that can convey the Termomeccanica Pompe, Gabbioneta Pumps and Begemann manufacturers together beneath the Trillium umbrella in Italy.
When the deal closes, La Spezia-based Termomeccanica will concentrate on creating the ecological and gas compression sectors, the place its subsidiaries TME and TMIC function.
Undiscovered , a portfolio company of worldwide non-public equity investment firm First Reserve, is the previous Weir Flow Control business. The company is a worldwide designer, manufacturer and aftermarket services provider of engineered valves and pumps used within the water and wastewater, world energy generation, oil and gasoline, mining, and general course of industries.
Trillium says that Termomeccanica Pompe’s products and services mixed with its Gabbioneta, Floway, WEMCO, WSP and Roto-Jet Pump choices uniquely position the corporate to supply prospects with an extensive vary of complementary pump merchandise, associated engineering support, and aftermarket services.
“The acquisition will create a much bigger Italian engineered pump producer by combining two robust legacy manufacturers with a highly complementary product portfolio, put in base and repair capabilities,” mentioned Paolo Macchi, managing director of Gabbioneta Pumps. “The joint entity might be best positioned to assist our native and international prospects in a more comprehensive and impactful way.”
Edoardo Garibotti, managing director of Termomeccanica Pompe, said: “I totally support the project that brings together a few of the greatest abilities in the sector.”
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