Grundfos has entered into an agreement to acquire Eurowater, and thereby significantly strengthening its value proposition within the water treatment business. The acquisition aligns closely with Grundfos’ strategy to strengthen its innovation leadership within water technology, and supports the company’s purpose to pioneer solutions to the world’s water and climate challenges and improve the quality of life for people.
“Eurowater brings a broad portfolio of solutions and a deep understanding of water treatment applications and end-users. This will enable us to strengthen our value proposition to customers. When complete, this acquisition will further advance us in our important work to address water challenges on a global scale,” says Ulrik Gernow, Group Executive Vice President, CMO, at Grundfos and continues: ”Eurowater is an outstanding company and we are truly impressed by its organization and the people we have met”.
Headquartered in Denmark, Eurowater serves primarily the European markets with a range of water treatment offerings, with a focus on customers in the industrial and municipal sectors. The transaction is subject to regulatory approvals and is expected to be closed during autumn 2020.
Source: Water Active
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