Founded in 1984, Tornesch-based Witte develops and manufactures gear pumps and provides aftermarket parts and services for the chemical, plastic and polymer processing, food and beverage, and pharmaceutical industries.
Witte expects to generate approximately €40 million in revenue in 2022 and has a strong order backlog for 2023.
With the acquisition of Witte, Maag will now set up a new integrated gear pumps business unit, which will be led by the managing director and former owner of Witte Pumps & Technology GmbH Dr Sven Wieczorek.
Maag has production sites in Switzerland, Germany, Italy, the USA and China, as well as service centres and sales offices in France, Taiwan, Malaysia, India, Thailand and Brazil. Witte manufactures in Germany and has sales offices and service centres in the USA and China.
“The acquisition of Witte represents a major step in making Maag the go-to partner for our customers’ most critical and demanding gear pump needs," said Maag president Ueli Thürig. "Maag’s advanced and vertically integrated manufacturing capabilities will increase the availability and supply security of gear pumps to Witte’s customers. Combining Witte and Maag’s gear pump businesses into a new integrated business unit will amplify the attractiveness of our technological solutions and product offerings to our customers, and our worldwide footprint will allow us to better serve our global customer base.”
“Maag and Witte complement each other perfectly,” said Witte’s Dr Wieczorek. “This is a unique opportunity to expand our product portfolio, and enhance our technical and manufacturing capabilities and offer complete solutions for our customers. At the same time, we will be able to extend our geographical reach, enabling us to further enhance our global customer service.”
Maag is part of Dover Corp’s Pumps & Process Solutions segment.
