Atlas Copco has agreed to amass the German industrial pump producer Pumpenfabrik Wangen GmbH from non-public equity firm Silverfleet Capital.
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Headquartered in Wangen within 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 purposes.
Pumpenfabrik Wangen has manufacturing services in Germany, a US subsidiary and a world sales and service footprint. The firm employs 265 people and had 2020 revenues of roughly €46.4 million.
“Industrial pumps is a segment that we have recognized as a strategic fit for Atlas Copco and Wangen Pumpen has main differentiated expertise with a powerful aftermarket enterprise,” stated Andrew Walker, president of Atlas Copco’s Power Technique business area. “Wangen Pumpen is a strong model and is known for quality in demanding industrial functions. This acquisition will create a strong foundation for further development in new industrial pump segments.”
เกจวัดแก๊สหุงต้ม acquired enterprise will become part of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
The deal is predicted to be accomplished in the course of the second quarter of 2022 and is topic to regulatory approvals.
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