Grundfos has entered into an agreement to acquire Mechanical Equipment Company Inc (MECO), a US group that engineers and manufactures water purification solutions for a range of industries.
MECO operates in the industrial water treatment market with manufacturing and sales offices in the US and international offices in Singapore and Ireland.
“We see Grundfos and MECO as a perfect fit and we are thrilled with the prospect of acquiring MECO,” said Ulrik Gernow, group executive vice president and chief commercial officer at Grundfos. “This acquisition is about much more than superior technology. Grundfos and MECO are founded on similar values, and we share a deep commitment to innovation and sustainability as well as a genuine care for our customers and employees.”
“The prospect of joining the global Grundfos family is something that I am very excited about. Grundfos is the ideal new owner for our company,” said George Gsell, CEO at MECO. “I see an exceptionally solid match grounded in common values, our common customer-centric approach, and ambitions to make a significant difference in the field of water.”
The acquisition, which is pending regulatory approvals, will further expand Grundfos’s water treatment business. Last year Grundfos acquired Eurowater, a supplier of decentralised water treatment equipment and solutions in Europe.
The transaction is expected to close during autumn 2021.