Atlas Copco expands portfolio with acquisition of two European pump manufacturers 

EUROPE – Swedish multinational industrial company has announced plans to buy two European industrial pump manufacturers in an effort to expand its pumping solutions portfolio.  

The companies – LEWA GmbH and Geveke B.V – are set to be acquired for an enterprise value of EUR 670mn (US$756m), according to a statement from Atlas Copco. 

Founded in 1952, German- based LEWA GmbH manufacturers diaphragm metering pumps, process pumps and complete metering systems. 

The company has around 1200 employees and in 2021 achieved revenues of EUR 233 mn (US$256m).  

“LEWA has a long tradition of supporting customers and developing leading industrial flow technology for efficient, precise and safe handling of fluids”, said Andrew Walker, Business Area President Power Technique.  

“Through this acquisition we are building our presence and technology offering within positive displacement pumps. 

Geveke, on the other hand, was founded in 1874 and is headquartered in Amsterdam in the Netherlands.  

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The company distributes compressors and engineers advanced and complex process pump installations. 

It has 173 employees and in 2021 the company recorded revenues of approximately EUR 61 mn (US$67m). 

“Geveke has strong engineering capability, providing complete industrial pump solutions from concept to commissioning”, said Andrew Walker, Business Area President Power Technique. 

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Atlas Copco expects the all-cash transaction which is subject to regulatory approvals to be completed during the second quarter 2022. 

The main part of the acquired businesses will have its base in the Power and Flow division within Atlas Copco’s Power Technique Business Area. 

A smaller part will however have its base in the Service division within the Compressor Technique Business Area. 

LEWA GmbH and Geveke B.V are the latest in a string of acquisition aimed at expanding Atlas Copco’s product range and strengthening its presence in Europe.  

Earlier, Atlas Copco said that it had 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 announcement was followed by the acquisition of SCB S.r.l., an Italian manufacturer that develops, produces and distributes electronic condensate drains for the industrial market. 

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