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HMS Group seals Belarusian pump acquisition

07 September 2011

Russia’s HMS Group has completed the acquisition of Bobruisk Machine Building Plant, a centrifugal pump manufacturer based in Belarus, in a US$9.6 million cash deal.

“The Plant’s established manufacturing capability creates significant opportunities for HMS Group to enhance our customer offering. Combining current product line of HMS with “hot cycle” refining pumps by the Plant will allow us to create production center of refining pumps and tap into the new market niches,” said Artem Molchanov, managing director (CEO) of HMS Group,

 

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