“The new resources we are getting not only open up new business opportunities for Grundfos, they also help us contribute to alleviating the growing water problems worldwide,” said Carsten Bjerg, Grundfos Group CEO.
Peter Røpke, Grundfos Group executive vice president of business development, added: “For many years, Grundfos has proven that we are innovative as regards the development of new pump solutions. But we will also seek additional business opportunities relating to these applications, including water treatment. The partnership with Enaqua doubtlessly strengthens us. Most of all because, in the short view, we shall obtain new technology and competence which will, in the long view, enable us to deliver new solutions for water treatment with strengthened focus on sustainability.”
Enaqua will continue to be managed by Manoj Jhawar, who is the second of three generations of the founder’s family that works at the company.
“For a number of years, we have rejected several potential buyers, as we did not find the right match. But with Grundfos it is quite another story, it is a larger version of what we are,” said Jhawar. “We share the opinion about future opportunities within water treatment, we have the same set of values and we are sure we complement each other in a way so that we can deliver new and improved solutions for water treatment.”
Founded in 1985, Enaqua is headquartered in San Diego, California.