Atlas Copco has agreed to amass the German industrial pump producer Pumpenfabrik Wangen GmbH from non-public fairness agency Silverfleet Capital.
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Headquartered in Wangen in the Allgäu area 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 amenities in Germany, a US subsidiary and a worldwide sales and service footprint. The firm employs 265 people and had 2020 revenues of approximately €46.4 million.
“Industrial pumps is a section that we now have identified as a strategic fit for Atlas Copco and Wangen Pumpen has leading differentiated expertise with a robust aftermarket business,” said Andrew Walker, president of Atlas Copco’s Power Technique business space. “Wangen Pumpen is a robust brand and is known for quality in demanding industrial applications. This acquisition will create a strong foundation for further development in new industrial pump segments.”
The acquired business will become part of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
The deal is predicted to be completed in the course of the second quarter of 2022 and is subject to regulatory approvals.
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