Grundfos has entered into an agreement to acquire Eurowater, a water treatment business headquartered in Denmark.
“Eurowater brings a broad portfolio of solutions and a deep understanding of water treatment applications and end-users. This will enable us to strengthen our value proposition to customers. When complete, this acquisition will further advance us in our important work to address water challenges on a global scale,” said Ulrik Gernow, group executive vice president, CMO, at Grundfos. “Eurowater is an outstanding company and we are truly impressed by its organization and the people we have met.”
“A better buyer does not exist! It is with peace of mind that we leave ownership of our life’s work to Grundfos. We took over the company 17 years ago from the Scherfig family, who has owned the company since its foundation in 1936. With the global reach and presence of Grundfos and our extensive experience in producing first class products, we see great opportunities to boost the development of innovative and water efficient solutions to the benefit of our many customers,” said Torben Buhl, managing director for Eurowater.
Eurowater serves primarily the European markets with a range of water treatment offerings, with a focus on customers in the industrial and municipal sectors. The transaction is subject to regulatory approvals and is expected to be closed during autumn 2020.