Atlas Copco Acquires German Industrial Pump Manufacturer
Atlas Copco has agreed to acquire Pumpenfabrik Wangen GmbH, a German manufacturer of progressive cavity pumps used for transferring fluids mainly in the biogas and wastewater sectors. The company also manufactures twin-screw pumps used in sectors like food and beverage and cosmetics.
“Industrial pumps is a segment that we have identified as a strategic fit for Atlas Copco, and Wangen Pumpen has leading differentiated technology with a strong aftermarket business,” says Andrew Walker, Business Area President Power Technique. “Wangen Pumpen is a strong brand and is known for quality in demanding industrial applications. This acquisition will create a solid foundation for further growth in new industrial pump segments.”
Mikael Andersson, President Atlas Copco Power and Flow division adds that the acquisition “establishes a position in the industrial pumps segment, especially in the progressive cavity technology space—one of the technologies in positive displacement that we have identified as a “core technology. Wangen Pumpen’s technology, market presence, and its company culture make it a good fit within Atlas Copco Group.”
The acquisition is expected to be completed during the second quarter of 2022 and is subject to regulatory approvals. Wangen Pumpen will become part of the Power and Flow division within Atlas Copco’s Power Technique Business Area.