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Grundfos to Acquire Water Technology Company MECO

Grundfos to Acquire Water Technology Company MECO
27 September 2021
 

In a move aimed at strengthening its business in the global water treatment market, Grundfos is to acquire Mechanical Equipment Company.

Grundfos, the largest pump manufacturer in the world, will acquire Mechanical Equipment Company, Inc. (MECO), pending regulatory approvals.

USA-based 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 and the move will expand Grundfos’ water treatment capabilities.

When completed, it will represent the second such transaction since November 2020, when Grundfos acquired EUROWATER, one of the leading suppliers of decentralised water treatment equipment and solutions in Europe.

The transaction is expected to close during autumn 2021.

 

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Joining the Global Grundfos Family

 

“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.

“The prospect of joining the global Grundfos family is something that I am very excited about. Grundfos is the ideal new owner for our company. I see an exceptionally solid match grounded in common values, our common customer-centric approach, and ambitions to make a significant difference in the field of water. As part of the Grundfos Group, we will continue strengthening our ongoing innovation, providing value-added services to customers, as well as our commitment to offering high-quality products designed with sustainability in mind,” added George Gsell, CEO at MECO.

Picture: a photograph of Grundfos' Headquarters in Bjerringbro

Article written by Ella Tansley | Published 27 September 2021

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