AxFlow has acquired Pumpegruppen - a Danish pump supplier to the chemical industry.
It also supplies pumps for the water treatment and general industrial applications.
Pumpegruppen is a full-service pump specialist representing brands including Grundfos, Wilden, FTI and Speck.
The company is headquartered in Lyngby, near Copenhagen, and has another base in Rønde in Jutland.
“The acquisition of Pumpegruppen is well-aligned with our group strategy to expand the product and service offering in Denmark. Pumpegruppen has a strong customer base and a sound growth potential,” said Søren Weihrauch, CEO of AxFlow.
Under the leadership of CEO and former owner Erling Olsen, Pumpegruppen will continue to operate under its current name while being part of the AxFlow Group.
“This is a very exciting opportunity for us at Pumpegruppen, and I look forward to developing the business further with AxFlow,” said Olsen.
“I see many similarities in the way Pumpegruppen and AxFlow operate in the market and I’m certain that our customers will benefit from a very wide product portfolio, a wealth of application know-how and near-by customer service,” concluded Weihrauch.
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