Pumps Mergers & Acquisitions Review: Q1 2023

The main pump-related M&A deals announced during the first three months of 2023 are listed here, with links to the original stories on www.worldpumps.com.

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Grundfos adds to Water Treatment Solutions platform

MECO, a Grundfos company, has acquired San Diego, California-based Water Works Inc to strengthen its ultrapure water treatment portfolio for life science and biopharmaceutical customers.

Water Works designs, engineers, and installs ultrapure industrial water systems for Life Science businesses and other high tech industries in California.


• Another acquisition for Holland Pump

Specialty pump rental and dewatering solutions provider Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a pump rental business based in Texas, USA.

This is Holland Pump’s sixth acquisition since partnering with XPV Water Partners.

BPR Pumping & Vacuum Solutions adds branches in the Houston and Austin, Texas areas, as well as complementary rental equipment to Holland Pump's existing pump fleet, as well as a complete dewatering services offering. The acquisition increases Holland Pump's capabilities to service municipal, infrastructure, industrial, and mining projects in Texas.


• Dutch flow technology company joins Indutrade

Sweden's Indutrade bought the Dutch trading company Siersema Komponenten Service BV (SKS).

Waalwijk-based SKS specialises in process components, including valves, tubes, pumps, filters and heat exchangers, for the food & beverage and pharmaceutical process industries. Products are sold primarily to customers in the Benelux markets. The company has annual sales of approximately €35 million and 50 employees. 


• Xylem to acquire Evoqua in US$7.5bn deal

Xylem Inc entered into a definitive agreement to acquire Evoqua Water Technologies Corp, the water treatment solutions and services company, in a US$7.5 billion all-stock transaction. 

Evoqua complements Xylem’s portfolio of solutions with advanced water and wastewater treatment capabilities, an extensive service network and access to a number of attractive industrial markets including life sciences, microelectronics, power and food and beverage. The company is also a leader in the remediation of emerging contaminants, including PFAS.

The two companies had combined revenues of over US$7 billion in the 12-month period ending 30 September 2022.


• Atlas Copco to acquire Korean cryopump service provider and distributor

Atlas Copco agreed to acquire the cryopump service and distribution business of South Korea’s Zeus Co Ltd. 

The business provides service and sales distribution for Atlas Copco’s Vacuum Technique business area’s CTI and Polycold products in South Korea. The CTI and Polycold products are cryogenic vacuum pumps and refrigeration systems used in semiconductor manufacturing and general vacuum applications.


• Flowserve to acquire Canadian valve maker Velan in US$245mn deal

Flowserve Corp entered into a definitive agreement to acquire Velan Inc, the Canadian manufacturer of highly engineered industrial valves, in a US$245 million (C$329 million) cash deal.

Founded in Montreal in 1950, Velan has a strong presence in the nuclear, cryogenic and defence markets. Velan, a family-controlled public company, has around 1,650 employees and manufacturing facilities in nine countries.


• Standex completes sale of Procon Pumps

Standex International Corp closed the sale of its Procon Pumps business to Investindustrial, a European investment and advisory group.

Procon is a global supplier of niche positive displacement rotary vane and gear pumps to OEMs, distributors and end-use customers.

Investindustrial’s portfolio of companies includes CEME Group, which manufactures solenoid pumps, rotary pumps and solenoid valves in Italy and around the world.


• Unibloc acquires UK CNC machining services company

Pump manufacturer Unibloc Hygienic Technologies (UHT) acquired Metaltech Precision Engineers Ltd, a UK-based CNC machining services provider. 

The acquisition of Metaltech will allow UHT to further vertically integrate its supply chain, shortening product lead times and adding capacity to support global growth. 

Founded in 1976, Metaltech is a precision engineering and CNC machining services vendor to the hygienic flow control sector. UHT is one of Metaltech’s largest customers, and the two businesses have worked together for more than 20 years. Metaltech already provides machining for a wide range of UHT’s hygienic pumps that serve the food, beverage, bakery/confection, meat and poultry, brewery, pharmaceutical and transportation markets globally.