Atlas Copco has agreed to acquire Pumpenfabrik Wangen, the global industrial group confirmed today (21st Feb).
Based in Wangen, Germany, Pumpenfabrik Wangen is a manufacturer of progressive cavity pumped for transferring fluids mainly in the biogas and wastewater sectors.
With a global sales and service footprint, the company also manufacturers twin-screw pumps for industries such as food and beverage and cosmetics.
Andrew Walker, Business Area President Power Technique at Atlas Copco, said, “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.”
“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 in the second quarter of 2022. The purchase price was not disclosed.
Once acquired, Pumpenfabrik Wangen will become part of the Power and Flow division within Atlas Copco’s Power Technique Business Area.