Vestum buys UK wastewater pumping station specialist

Swedish industrial group Vestum AB has acquired all shares in PDAS Holdings Ltd through its subsidiary Pump Supplies Ltd.

Image © Oleksii Sergieiev - stock.adobe.com.

Founded in 2014, PDAS provides proactive maintenance and intelligent monitoring of wastewater pumping stations. The company specializes in the design, supply, installation, refurbishment and maintenance of adoptable pumping stations, packaged pumping stations and storm attenuation systems for residential and commercial developments across the UK. A significant part of the offer consists of intelligent monitoring systems through remote telemetry and cloud-based technology for service and maintenance of pumping stations that allow pump specialists to monitor customers' pump systems in real-time with the aim of streamlining maintenance works. PDAS has 63 employees and is headquartered in Surrey.

The acquired company, which will be part of Vestum’s Water segment, generated sales of just over SEK200 million during the broken fiscal year 2023/2024.

“I’m proud that we today can announce the acquisition of PDAS, which constitutes an excellent add-on acquisition to Vestum's largest company Pump Supplies,” said Vestum CEO Simon Göthberg. “With its strength in intelligent monitoring systems, PDAS can leverage the broad customer network built in Pump Supplies over the past 40 years to further accelerate growth in recurring revenue. There are concrete synergies on both the revenue and cost side, and the acquisition strengthens Vestum's already strong position within water infrastructure in the UK.”

Pump Supplies, which was founded in 1982, offers electric submersible water pumps, including drainage, sewage and slurry pumps as well as an extensive range of accessories and pipe systems. Operating through five depots in England, Wales and Ireland, the business has 89 employees and is headquartered in Gloucester.

“The acquisition of PDAS is Vestum's first acquisition in two years and demonstrates our strategy to grow the Water segment, both through high organic growth and acquisitions. Our ambition is to grow the Water segment to become Vestum's largest segment,” added Göthberg.