Wilo Middle East acquires PumpsPro
The signing of the agreement took place at the WME office in Jebel Ali Free Zone.
The move is expected to further reinforce Wilo Middle East’s position as a complete solution provider in the UAE and the Middle East region.
Yasser Nagi, managing director of Wilo Middle East, said: “We are proud to announce the signing of a strategic acquisition agreement with PumpsPro--a move that is expected to make Wilo a leading solutions provider in the UAE and the rest of the region. It's a win-win agreement that falls in line with Dubai’s Demand Side Management Strategy 2030 and gives us the opportunity to support the retrofit program of 30,000 buildings by 2030, which aims to make the emirate one of the most sustainable cities in the world.”
PumpsPro has been working with Wilo Middle East as service partner for its overhauling and repairing business since 2018.
Wilo’s offshore customers in the region will also benefit from the acquisition, where demand for servicing offshore pumps has seen a big uptake -- providing oil and gas customers the just in time reliable servicing they require.
Peter Glauner, senior vice president - group service, Wilo Group, sadded: “This agreement boosts Wilo Middle East’s competitive advantage over its competitors. We are confident to seeing more benefits as business synergies are further integrated. Over the years, we have reinforced our position as a global leading premium manufacturer of innovative pumps and pumping systems in the field of building services, water management and industry. We remain steadfast in our efforts to set new standards as a leader of innovation in terms of system efficiency and maximum energy savings.”