Grundfos to acquire US-based water purification technology company MECO
Danish pump solutions major Grundfos has announced that it is buying US-based MECO, a leading global player in the industrial water treatment market. Grundfos did not specify the amount at which it will acquire Mechanical Equipment Company, Inc (MECO) but said it expects to close the transaction during autumn 2021, subject to regulatory approvals.
Headquartered in the US, MECO is a world leader in the engineering and manufacturing of water purification solutions – equipment and systems – for a variety of industries. It offers solutions for industrial, pharmaceutical, oil and gas, military, and food and beverage enterprises. The acquisition will further expand Grundfos’ water treatment capabilities and strengthen the Danish company’s position as a leading global provider of water treatment solutions that address water and climate challenges.
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.
“We see Grundfos and MECO as a perfect fit and we are thrilled with the prospect of acquiring MECO. MECO is a highly respected water treatment company with a formidable, focused skillset and portfolio of water treatment solutions. This acquisition is about much more than superior technology. Grundfos and MECO are founded on similar values, and we share a deep commitment to innovation and sustainability as well as a genuine care for our customers and employees. Together, we will leverage our combined experience and skills to create even better solutions for our customers,” said Grundfos Group Executive Vice President and Chief Commercial Officer Ulrik Gernow.
MECO has a strong presence in the industrial water treatment market with manufacturing and sales offices in the US as well as international offices in Singapore and Ireland. The company has a strong presence in water treatment too 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, an official statement said.
“The prospect of joining the global Grundfos family is something that I am very excited about. Grundfos is the ideal new owner for our company. I see an exceptionally solid match grounded in common values, our common customer-centric approach, and ambitions to make a significant difference in the field of water. 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,” said MECO CEO George Gsell.
