Atlas Copco, a world-leading provider of sustainable productivity solutions, has acquired Pumpenfabrik Wangen GmbH, a German manufacturer of progressive cavity pumps and screw pumps used in biogas and wastewater sectors, and food and beverage and cosmetics industry, respectively.
Pumpenfabrik Wangen GmbH is based in Wangen, Germany, and has 265 employees. In 2020, their revenues reached up to approximately 46.4 million euros (466 MSEK). The business will join the Power and Flow division within Atlas Copco’s Power Technique Business Area.
“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 anticipated to commence in the second quarter 2022.
