India, Aug. 21 -- Danish companyGrundfos, a global leader in advanced water solutions, has completed the acquisition of thePittsburgh-based water and wastewater treatment solutions company Newterra.
The acquisition underlines Grundfos' commitment in expanding its water treatment and wastewater solutions capabilities as well as Grundfos' strategic ambition to grow its presence in the US and Canadian markets.
"The addition of Newterra is another important step to realise Grundfos' ambition to become a global leader in water treatment," saidInge Delobelle, EVP & Divisional CEO, Industry division, Grundfos, adding: "It enhances our ability to provide modular, efficient and scalable water and wastewater treatment systems to our customers both in the US and the rest of the world. With Newterra on board, we can offer more complete, energy- and water-efficient solutions to our customers, helping them treat, reduce and reuse water more effectively, offering one of the most comprehensive water treatment portfolios in the industry."
Grundfos' revenue surpassedUSD five billionin 2024, and with the inclusion of Newterra, the company's water treatment business will have more than 1,500 highly skilled employees acrossEuropeandNorth Americaand revenues exceedingUSD 350 million.
Inge Delobelle: "In a world where it is more critical than ever that we treat, reduce and reuse water with great care, building a strong water treatment business is pivotal. In addition to combining the many strengths of Newterra and its excellent solutions and offerings with the Grundfos water treatment business, Ilook forward to welcoming a group of dedicated colleagues who share our passion for innovation, customer focus and ambition to create sustainable solutions to the world's water and climate challenges."
Since 2020, Grundfos has completed a series of strategic acquisitions to build a strong water treatment platform. Building on these acquisitions, Grundfos plans to further strengthen its water treatment business.
The company also aims to double its US business by 2030 and recently announced that it will expand its production footprint in the US by building a new plant inBrookshire, Texas, where the company has its US headquarters.
Grundfos has acquired Newterra from theChicago-based private equity firmFrontenacfor an undisclosed fee.
Published by HT Digital Content Services with permission from FoodTechBiz.