Grundfos has entered into an agreement to acquire the Danish water treatment company Eurowater.
Headquartered in Skanderborg, Eurowater develops, produces and markets complete solutions for the treatment of water for customers in the industrial and municipal sectors. Eurowater, which primarily serves the European market, has subsidiary companies in 14 countries servicing customers through 23 local offices. The company employs more than 400 people, with half based in Denmark.
Grundfos says that the acquisition marks an important milestone in the company’s ongoing efforts to pioneer solutions to tackle global water challenges.
“Eurowater brings a broad portfolio of solutions and a deep understanding of water treatment applications and end-users. This will enable us to strengthen our value proposition to customers. When complete, this acquisition will further advance us in our important work to address water challenges on a global scale,” said Ulrik Gernow, group executive vice president, chief marketing officer, at Grundfos. “Eurowater is an outstanding company and we are truly impressed by its organization and the people we have met.”
“A better buyer does not exist!,” said Torben Buhl, managing director of Eurowater. “It is with peace of mind that we leave ownership of our life’s work to Grundfos. We took over the company 17 years ago from the Scherfig family, who had owned the company since its foundation in 1936. With the global reach and presence of Grundfos and our extensive experience in producing first class products, we see great opportunities to boost the development of innovative and water efficient solutions to the benefit of our many customers”
The transaction is subject to regulatory approvals and is expected to close during autumn 2020.
