Grundfos has recently 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.
This acquisition, which is pending regulatory approvals, will further expand Grundfos’ water treatment capabilities and strengthen its position in water treatment. 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.
“The prospect of joining the global Grundfos family is something that I am very excited about. . . 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,” says George Gsell, CEO at MECO.
The transaction is expected to close during autumn 2021, subject to regulatory approvals.
SOURCE: Grundfos
