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 full metering methods. Hidden employs round 1200 people and had 2021 revenues of €233 million.
“Lewa has an extended custom of supporting clients and creating main industrial flow know-how for environment friendly, exact and protected handling of fluids,” stated Andrew Walker, president of Atlas Copco’s Power Technique Business Area. “Through this acquisition we are constructing our presence and expertise offering inside positive displacement pumps.”
Geveke, which was based in 1874, distributes compressors and engineers advanced and complicated process pump installations. The company is headquartered in Amsterdam, the Netherlands, has 173 employees and had revenues of roughly €61 million in 2021.
“Geveke has robust engineering capability, offering complete industrial pump solutions from idea to commissioning,” said Atlas Copco’s Walker.
The acquisition is predicted to be completed through the second quarter 2022.
The main part of the acquired companies will have its base in the Power and Flow division within Atlas Copco’s Power Technique Business Area and a smaller half will join the Service division within Atlas Copco’s Compressor Technique Business Area.
In record time and Geveke acquisition comes simply weeks after Atlas Copco unveiled
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