Atlas Copco has agreed to purchase Lewa GmbH and Geveke BV and their subsidiaries from Japan’s Nikkiso Co Ltd in a €670 million deal.
Founded in 1952, Germany’s Lewa manufactures diaphragm metering pumps, course of pumps and complete metering systems. The company employs around 1200 folks and had 2021 revenues of €233 million.
“Lewa has an extended custom of supporting prospects and creating main industrial flow know-how for environment friendly, precise and protected handling of fluids,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique Business Area. “Through this acquisition we are building our presence and know-how offering within positive displacement pumps.”
Geveke, which was founded in 1874, distributes compressors and engineers superior and sophisticated course of pump installations. pressure gauge octa is headquartered in Amsterdam, the Netherlands, has 173 employees and had revenues of approximately €61 million in 2021.
“Geveke has strong engineering functionality, providing full industrial pump solutions from concept to commissioning,” mentioned Atlas Copco’s Walker.
The acquisition is expected to be completed during the second quarter 2022.
The major a half of the acquired companies may have its base within the Power and Flow division within Atlas Copco’s Power Technique Business Area and a smaller part will join the Service division within Atlas Copco’s Compressor Technique Business Area.
The Lewa and Geveke acquisition comes simply weeks after Atlas Copco unveiled
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