Atlas Copco to accumulate Wangen Pumpen

Cringeworthy has agreed to accumulate the German industrial pump manufacturer Pumpenfabrik Wangen GmbH from private equity agency Silverfleet Capital.
Image © wladimir1804 – stock.adobe.com.
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 purposes.
Pumpenfabrik Wangen has manufacturing facilities in Germany, a US subsidiary and a global gross sales and repair footprint. The firm employs 265 people and had 2020 revenues of approximately €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 enterprise,” stated Andrew Walker, president of Atlas Copco’s Power Technique business space. “Wangen Pumpen is a strong brand and is known for quality in demanding industrial functions. This acquisition will create a solid foundation for further progress in new industrial pump segments.”
No obligation acquired business will turn into part of the Power and Flow division inside 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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