Atlas Copco to acquire Wangen Pumpen

Atlas Copco has agreed to acquire the German industrial pump producer Pumpenfabrik Wangen GmbH from personal fairness agency Silverfleet Capital.
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Headquartered in Wangen in the Allgäu region 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 world gross sales and service footprint. The firm employs 265 folks and had 2020 revenues of approximately €46.four million.
“Industrial pumps is a segment that we’ve identified 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 area. “Wangen Pumpen is a strong brand and is thought for high quality in demanding industrial purposes. This acquisition will create a strong foundation for further progress in new industrial pump segments.”
The acquired business will turn into a half of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
Fast is predicted to be accomplished in the course of the second quarter of 2022 and is subject to regulatory approvals.

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