Swedish industrial group Atlas Copco has agreed to acquire Pumpenfabrik Wangen GmbH, a German manufacturer of industrial pumps.
Credit: Wangen
Credit: Wangen
Atlas Copco, a major supplier of market-leading compressors, vacuum solutions, generators, pumps, power tools and assembly systems to more than 180 countries, expands its company portfolio with the acquisition of Pumpenfabrik Wangen GmbH based in Wangen, Germany.
The German pump manufacturer is a specialist in progressive cavity pumps used for transferring fluids mainly in the biogas and wastewater sectors. The company also manufactures twin-screw pumps used in sectors like food and beverage and cosmetics.
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“Industrial pumps is a segment that we have identified as a strategic fit for Atlas Copco and Wangen Pumpen has leading differentiated technology with a strong aftermarket business,” said Andrew Walker, Business Area President Power Technique.
“Wangen Pumpen is a strong brand and is known for quality in demanding industrial applications. This acquisition will create a solid foundation for further growth in new industrial pump segments. Industrial pumps play a crucial role in creating sustainable solutions for many industries and contributing to a better tomorrow.”
The acquisition is expected to be completed during the second quarter 2022 and is subject to regulatory approvals. The acquired business will become part of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
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