Atlas Copco has agreed to buy Lewa GmbH and Geveke BV and their subsidiaries from Japan’s Nikkiso Co Ltd in a €670 million deal.
Founded in digital pressure gauge , Germany’s Lewa manufactures diaphragm metering pumps, course of pumps and full metering methods. The firm employs round 1200 people and had 2021 revenues of €233 million.
“ ไดอะแฟรม has a long tradition of supporting clients and growing main industrial circulate expertise for efficient, exact and protected dealing with of fluids,” said Andrew Walker, president of Atlas Copco’s Power Technique Business Area. “Through this acquisition we are constructing our presence and know-how offering within optimistic displacement pumps.”
Geveke, which was based in 1874, distributes compressors and engineers advanced and sophisticated process pump installations. The firm is headquartered in Amsterdam, the Netherlands, has 173 staff and had revenues of roughly €61 million in 2021.
“Geveke has robust engineering functionality, providing full industrial pump solutions from concept to commissioning,” said Atlas Copco’s Walker.
The acquisition is predicted to be completed during the second quarter 2022.
The primary a part of the acquired companies may have its base in the Power and Flow division inside Atlas Copco’s Power Technique Business Area and a smaller half will join the Service division inside Atlas Copco’s Compressor Technique Business Area.
The Lewa and Geveke acquisition comes just weeks after Atlas Copco unveiled
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