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Business EconomyPosted at: Sep 22 2021 2:07PM


Grundfos inks pact to acquire US water tech firm MECO

(REPEATING WITH CORRECT FILE NUMBER)
Chennai, Sep 22 (UNI) Grundfos, a global leader in advanced pump solutions and
water technologies, today announced that it had entered into an agreement to acquire
the US-based Mechanical Equipment Company, Inc. (MECO).
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, deep application knowledge and experience, and proven
ability to offer reliable solutions to customers.
This acquisition, which is pending regulatory approvals, will further expand Grundfos’
water treatment capabilities and strengthening its position as a leading global provider
of water treatment solutions that address the world’s water and climate challenges and
improve the quality of life for people.
When completed, it will represent the second such transaction since November 2020,
when the company acquired Eurowater one of the leading suppliers of decentralized
water treatment equipment and solutions in Europe, a release from Grundfos said.
UNI GV 1205/1405
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Tags: #Grundfos inks pact to acquire US water tech firm MECO
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