Announced
Financials
Tags
Private Equity
Germany
pump manufacturing
Machinery: Specialty
Cross Border
Friendly
Acquisition
Majority
Private
Single Bidder
Pending
Synopsis
Atlas Copco, an international industrial group, agreed to acquire Pumpenfabrik Wangen, a designer and manufacturer of high-quality progressive cavity and twin-screw pumps, from Silverfleet Capital, a private equity firm. Completion of the transaction is subject to customary anti-trust approvals and is expected to occur in Q1 or Q2 2022. Financial terms were not disclosed. “We are very pleased to see Wangen join forces with such a capable partner and wish them well in the next stage of their journey. Not only has the company demonstrated true resilience during the pandemic, but it has also proven its ability to profitably grow – both organically and through strategic M&A," Joachim Braun, Silverfleet Partner.
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