Grundfos has entered into an agreement to acquire Eurowater.
The acquisition aligns closely with Grundfos’ strategy to strengthen its innovation leadership within water technology, and supports the company’s purpose to pioneer solutions to the world’s water and climate challenges.
Headquartered in Skanderborg Denmark, Eurowater serves primarily the European markets with a range of water treatment offerings, with a focus on customers in the industrial and municipal sectors.
“Eurowater brings a broad portfolio of solutions and a deep understanding of water treatment applications and end-users,” said Ulrik Gernow, Group Executive Vice President, CMO, at Grundfos
"This [acquisition] will enable us to strengthen our value proposition to customers. When complete, the acquisition will further advance us in our important work to address water challenges on a global scale," Gernow added.
The Merge of Two Cultures
Eurowater and Grundfos businesses share many similarities, including a sharp focus on innovation, high-quality products and value-added services to customers.
Culturally, the two organisations match well, both being purpose-driven and highly customer-centric.
Equally excited about the joining of the two companies, Managing Director of Eurowater, Torben Buhl commented:
“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,” Buhl added.
Finalised in the Autumn
The transaction is subject to regulatory approvals and is expected to be closed during autumn 2020.
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