Atlas Copco has agreed to acquire LEWA GmbH and subsidiaries, and Geveke BV and subsidiaries for a combined enterprise value of €670-million. LEWA is a leading manufacturer of diaphragm metering pumps, process pumps and complete metering systems. Geveke distributes compressors and engineers advanced and complex process pump installations.
LEWA was founded in 1952 and is based in Germany. The company has around 1200 employees and in 2021 had revenues of €233-million. LEWA offers industry-specific high-quality pump solutions for a wide range of industries.
“LEWA has a long tradition of supporting customers and developing leading industrial flow technology for efficient, precise and safe handling of fluids”, says Andrew Walker, the president of Atlas Copco’s Power Technique Business Area Power Technique. “Through this acquisition we are building our presence and technology offering within positive displacement pumps.”
Geveke was founded in 1874 and is headquartered in Amsterdam in the Netherlands. The company has 173 employees and in 2021 had revenues of approximately €61-million.
“Geveke has strong engineering capability, providing complete industrial pump solutions from concept to commissioning”, Walker says.
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 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.
Contact Daniel Althoff, Atlas Copco, ir@atlascopco.com, www.atlascopcogroup.com
