Atlas Copco acquisition
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. The acquired company is based in Wangen, Germany, and has 265 employees. It has manufacturing facilities in Germany, 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, Atlas Copco. “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 expected to be completed during the second quarter 2022 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.
