DESMI agrees to sell majority stake to private equity firm

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The Danish pump manufacturer DESMI has signed a definitive agreement to sell a majority share to middle market private equity firm One Equity Partners (OEP).

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Founded in 1834 and headquartered in Nørresundby, Denmark, DESMI manufactures pumps, pumping systems, environmental cleaning equipment and related products and services for end-markets including marine and offshore, industrial, utility, defence and fuel. The company has operations across 20 countries in Europe, Asia, the Middle East, North America and Africa and employs nearly 1,000 people. DESMI’s pumps and systems are sold to more than 150 countries through a network of subsidiaries and distributors across six continents.

“We look forward to a strong partnership with CEO Henrik Sørensen and his management team,” says Johann-Melchior von Peter, senior managing director at OEP. “We plan to utilise OEP’s deep industrial sector expertise to help DESMI accelerate its growth trajectory and further diversify its end-markets to strengthen the business.”

“It was high on our agenda to find a new owner who wants to continue our growth strategy within flow technology and extend DESMI’s brand. OEP wants exactly that, and I am pleased to welcome them as a new majority shareholder of our great company,” says DESMI's Sørensen. “After nearly 190 years of operations, we look forward to entering our next stage of growth with the support of our new partner. OEP is a firm that shares our vision for the evolution of DESMI and has a long-standing track record for building market-leading industrial companies.”

“We see significant potential to leverage DESMI’s global infrastructure and comprehensive value chain to consolidate a fragmented industry and enter new, attractive product segments,” says Marc Lindhorst, principal at OEP.

The acquisition is expected to be completed in the second half of 2022 and is subject to regulatory approvals and customary closing conditions.