Grundfos completed the acquisition of Newterra from Frontenac

Grundfos, a Denmark-based global supplier of advanced pump and water solutions, completed the acquisition of Newterra, a US-based provider of modular water and wastewater treatment systems, from Frontenac, a Chicago-based private equity firm. Financial terms were not disclosed. “The acquisition of Newterra is a key milestone in our strategy to expand in water treatment. It will strengthen our ability to help our customers and communities address water challenges with modular and efficient solutions,” Poul Due Jensen, Grundfos CEO.