Atlas Copco has agreed to purchase Lewa GmbH and Geveke BV and their subsidiaries from Japan’s Nikkiso Co Ltd in a €670 million deal.
Founded in 1952, Germany’s Lewa manufactures diaphragm metering pumps, course of pumps and complete metering systems. The firm employs round 1200 individuals and had 2021 revenues of €233 million.
“ เกจวัดแรงดันpsi has an extended tradition of supporting customers and growing leading industrial move know-how for efficient, exact and protected handling of fluids,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique Business Area. “Through this acquisition we are building our presence and technology providing within constructive displacement pumps.”
Geveke, which was founded in 1874, distributes compressors and engineers advanced and complicated process pump installations. The firm is headquartered in Amsterdam, the Netherlands, has 173 staff and had revenues of approximately €61 million in 2021.
“Geveke has strong engineering functionality, providing complete industrial pump solutions from idea to commissioning,” mentioned Atlas Copco’s Walker.
The acquisition is expected to be completed in the course of the second quarter 2022.
The major a part of the acquired businesses will have its base in the Power and Flow division inside Atlas Copco’s Power Technique Business Area and a smaller part will be a part of the Service division inside Atlas Copco’s Compressor Technique Business Area.
The Lewa and Geveke acquisition comes simply weeks after Atlas Copco unveiled