Atlas Copco to acquire Lewa and Geveke
March 15, 2022 By Rock to Road staff
Atlas Copco has agreed to acquire LEWA GmbH and its subsidiaries, as well as Geveke B.V. and its subsidiaries for a combined enterprise value of EU$670 million.
LEWA is a manufacturer of diaphragm metering pumps, process pumps and complete metering systems.
“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, Atlas Copco’s president of the Power Technique business area.
“Through this acquisition we are building our presence and technology offering within positive displacement pumps.”
LEWA was founded in 1952 and is based in Germany. The company has about 1,200 employees and in 2021 they had revenues of EU$233 million. LEWA offers industry-specific high-quality pump solutions for a wide range of industries.
Geveke distributes compressors and engineers advanced and complex process pump installations.
“Geveke has strong engineering capability, providing complete industrial pump solutions from concept to commissioning”, Walker said.
Geveke was founded in 1874, and is headquartered in Amsterdam in the Netherlands. The company has 173 employees and in 2021 they had revenues of about EU$61 million.
The acquisition is an all-cash transaction using Atlas Copco’s funds and is subject to regulatory approvals. The acquisition is expected to be completed during the second quarter of this year.
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 portion of the acquisition will be based in the service division within the Compressor Technique business area.
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