HMS Group to acquire centrifugal pump company in Belarus

Based in Bobruisk, Belarus, Bobruisk Machine Building Plant is one of the largest manufacturers of specialist centrifugal pumps in the CIS.

With the acquisition of Bobruisk Machine Building Plant, HMS Group will enter the “hot cycle” oil refining pumps and related equipment market, and acquire new technologies. Bobruisk Machine Building Plant complements the existing business of HMS Group in “cold cycle” oil refining pumps.

Artem Molchanov, managing director (CEO) of HMS Group, said: “With the intended acquisition, taking into account our marketing and R&D capabilities, HMS Group will be able to substantially increase revenues of the Plant, to broaden our company’s product portfolio, and to provide our clients with more integrated solutions in oil refining and petrochemicals.”