Atlas Copco to accumulate Wangen Pumpen

เครื่องมือวัดความดัน has agreed to accumulate the German industrial pump manufacturer Pumpenfabrik Wangen GmbH from personal equity agency Silverfleet Capital.
Image © wladimir1804 – inventory.adobe.com.
Headquartered in Wangen within the Allgäu area of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used mainly in the biogas and wastewater sectors, and twin-screw pumps for meals and beverage and cosmetics purposes.
Pumpenfabrik Wangen has manufacturing facilities in Germany, a US subsidiary and a worldwide gross sales and service footprint. The company employs 265 individuals and had 2020 revenues of roughly €46.four million.
“Industrial pumps is a section that we’ve recognized as a strategic match for Atlas Copco and Wangen Pumpen has main differentiated know-how with a powerful aftermarket business,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique business space. “Wangen Pumpen is a robust brand and is thought for high quality in demanding industrial applications. This acquisition will create a strong basis for additional progress in new industrial pump segments.”
The acquired business will turn out to be a half of the Power and Flow division inside Atlas Copco’s Power Technique Business Area.
The deal is predicted to be completed through the second quarter of 2022 and is topic to regulatory approvals.
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