Atlas Copco to acquire German industrial pump manufacturer
Atlas Copco has agreed to acquire Pumpenfabrik Wangen, a German manufacturer of 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.
Pumpenfabrik Wangen is based in Wangen, Germany and has manufacturing facilities in the country, and a global sales and service footprint.
“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.”
Mikael Andersson, president Atlas Copco Power and Flow division, explained: “With Wangen, we are establishing a position in the industrial pumps segment, especially in the progressive cavity technology space, one of the technologies in positive displacement that we have identified as a “core technology.
“We are happy to welcome our new colleagues from Wangen Pumpen to the Atlas Copco’s Power and Flow family. Its technology, market presence, and its company culture make it a good fit within Atlas Copco Group.”
The acquisition is expected to be completed during the second quarter of this year 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.
The company also manufactures twin-screw pumps used in sectors like food and beverage and cosmetics.
Pumpenfabrik Wangen is based in Wangen, Germany and has manufacturing facilities in the country, and a global sales and service footprint.
“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.”
Mikael Andersson, president Atlas Copco Power and Flow division, explained: “With Wangen, we are establishing a position in the industrial pumps segment, especially in the progressive cavity technology space, one of the technologies in positive displacement that we have identified as a “core technology.
“We are happy to welcome our new colleagues from Wangen Pumpen to the Atlas Copco’s Power and Flow family. Its technology, market presence, and its company culture make it a good fit within Atlas Copco Group.”
The acquisition is expected to be completed during the second quarter of this year 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.
