Atlas Copco has agreed to acquire LEWA GmbH and its subsidiaries, and Geveke B.V. and its subsidiaries, for a combined enterprise value of MEUR 670 (BSEK 7.15).
LEWA GmbH is a globally renowned manufacturer of diaphragm metering pumps, process pumps and complete metering systems. Geveke B.V. distributes compressors and engineers advanced and complex process pump installations.
Acquisition of LEWA GmbH
LEWA GmbH was founded in 1952 and is based in Germany. The company has around 1200 employees and in 2021, they had revenues of MEUR 233 (BSEK 2.4). LEWA offers industry-specific high-quality pump solutions for a wide range of industries based all over the world.
Through this acquisition, we are building our presence and technology offering within positive displacement pumps"
“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, the Business Area President - Power Technique at Atlas Copco.
He adds, “Through this acquisition, we are building our presence and technology offering within positive displacement pumps.”
Geveke B.V. takeover
Geveke B.V. was founded in 1874 and is headquartered in Amsterdam in the Netherlands. The company has 173 employees and in 2021 they had revenues of approximately MEUR 61 (MSEK 648).
Andrew Walker further stated, “Geveke has strong engineering capability, providing complete industrial pump solutions from concept to commissioning.”
All-cash transaction deal
The acquisition is an all-cash transaction, utilising Atlas Copco’s funds and is subject to regulatory approvals. The acquisition is expected to be completed during the second quarter of the year - 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, and a smaller part will have its base in the Service division, within the Compressor Technique Business Area.
