CIRCOR International has signed a definitive agreement to acquire Swelore Engineering and Hiro Nisha Systems - two leading Indian pump manufacturers.
With this acquisition, CIRCOR adds a complementary product line of diaphragm metering pumps, dosing packages and high-pressure reciprocating pumps to its industrial portfolio. The move strengthens the company’s footprint in the high-growth Indian market while unlocking global growth potential through integration into CIRCOR’s worldwide commercial and operational platform.
The transaction is expected to close soon, subject to customary closing conditions.
“The acquisition of Swelore and Hiro Nisha is a strategic milestone that strengthens our Industrial business, expands our offering, and enhances our presence in one of the world’s most dynamic markets,” said Tony Najjar, president and CEO of CIRCOR International.
“We are thrilled to welcome a talented team that shares our customer-first mindset and drive for innovation. Together, we will deliver even greater value to our customers in India and around the globe.”
Upon closing, Swelore and Hiro Nisha will become part of Allweiler India, CIRCOR’s existing pumps business in the country.
“The integration strengthens CIRCOR’s long-term commitment to India and broadens its offering beyond screw and centrifugal pumps. The combined teams will work together to deliver expanded customer solutions,” said Hiren Mistry, senior director & general manager, India Pumps.
CIRCOR expands industrial portfolio with new acquisitions
