Grundfos enters into agreement to acquire leading water technology company MECOAcquisition aimed at further strengthening Grundfos’ business i...Grundfos enters into agreement to acquire leading water technology company MECO
Acquisition aimed at further strengthening Grundfos’ business in global water treatment market.
Grundfos, Water technology, MECO, Mechanical Equipment Company, Industrial water treatment market, EUROWATER, George Gsell, CEO at MECO, Ulrik Gernow, Group Executive Vice President and Chief Commercial Officer at Grundfos
Grundfos, among the global leaders in advanced pump solutions and water technologies, has entered into an agreement to acquire Mechanical Equipment Company, Inc. (MECO). Based in the United States, MECO is a world leader in the industrial water treatment market with manufacturing and sales offices in the United States as well as international offices in Singapore and Ireland. The company has a strong presence in water treatment, and a global leading position in water purification for the pharmaceutical market, owing to its proprietary vapour compression technology, deep application knowledge and experience, and proven ability to offer reliable solutions to customers.
This acquisition, which is pending regulatory approvals, will further expand Grundfos’ water treatment capabilities and strengthening Grundfos’ position as a leading global provider of water treatment solutions that address the world’s water and climate challenges and improve the quality of life for people. When completed, it will represent the second such transaction since November 2020, when Grundfos acquired EUROWATER, one of the leading suppliers of decentralized water treatment equipment and solutions in Europe.
“We see Grundfos and MECO as a perfect fit and we are thrilled with the prospect of acquiring MECO. MECO is a highly respected water treatment company with a formidable, focused skillset and portfolio of water treatment solutions. This acquisition is about much more than superior technology. Grundfos and MECO are founded on similar values, and we share a deep commitment to innovation and sustainability as well as a genuine care for our customers and employees. Together, we will leverage our combined experience and skills to create even better solutions for our customers,” said Ulrik Gernow, Group Executive Vice President and Chief Commercial Officer at Grundfos.