Chennai: 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.