The two companies have signed a joint agreement that will bring the Termomeccanica Pompe, Gabbioneta Pumps and Begemann brands together under the Trillium umbrella in Italy.
When the deal closes, La Spezia-based Termomeccanica will focus on developing the ecological and gas compression sectors, where its subsidiaries TME and TMIC operate.
Trillium, a portfolio company of global private equity investment firm First Reserve, is the former Weir Flow Control business. The company is a global designer, manufacturer and aftermarket services provider of engineered valves and pumps used in the water and wastewater, global power generation, oil and gas, mining, and general process industries.
Trillium says that Termomeccanica Pompe’s products and services combined with its Gabbioneta, Floway, WEMCO, WSP and Roto-Jet Pump offerings uniquely position the company to provide customers with an extensive range of complementary pump products, related engineering support, and aftermarket services.
“The acquisition will create a much larger Italian engineered pump manufacturer by combining two strong legacy brands with a highly complementary product portfolio, installed base and service capabilities,” said Paolo Macchi, managing director of Gabbioneta Pumps. “The joint entity will be best positioned to support our local and international customers in a more comprehensive and impactful way.”
Edoardo Garibotti, managing director of Termomeccanica Pompe, said: “I fully support the project that brings together some of the best skills in the sector.”