HMS Group to buy German pump maker Apollo Goessnitz

Based in Goessnitz (Thuringia), Germany, Apollo Goessnitz’s products include API and DIN centrifugal pumps and related spare parts, as well as integrated pump-based systems for oil refining, offshore and onshore upstream, thermal power generation, chemical and utility applications.

In 2011, Apollo Goessnitz had sales of €20.3 million and net profit of €1.3 million.

HMS Group will pay €25 million in cash for 75% of Apollo Goessnitz’s share capital. Apollo Goessnitz’s management will remain part of the integrated team that will continue to run the business once the deal is sealed.