Atlas Copco has agreed to acquire LEWA and Geveke, along with both companies' subsidiaries.
LEWA is a leading manufacturer of diaphragm metering pumps, process pumps, and complete metering systems. Geveke distributes compressors and engineers advanced and complex process pump installations.
Germany-based LEWA was founded in 1952. The company has around 1,200 employees. In 2021, it had revenues of €233mn (SEK 2.4bn). LEWS offers industry-specific high-quality pump solutions for a wide range of industries.
“LEWA has a long tradition of supporting customers and developing leading industrial flow technology for efficient, precise, and safe handling of fluids,” said Andrew Walker, business area president, Power Technique.
“Through this acquisition, we are building our presence and technology offering within positive displacement pumps.”
Geveke was founded in 1874 and is headquartered in Amsterdam in the Netherlands. The company has 173 employees, and in 2021 they had revenues of approximately €61 (SEK 648mn).
“Geveke has strong engineering capability, providing complete industrial pump solutions from concept to commissioning,” added Walker.
Mikael Andersson, president of Atlas Copco Power and Flow division, said: “We are happy to welcome our new colleagues from LEWA and Geveke to the Power and Flow family. With the acquisition, we are strengthening our foundation for Atlas Copco’s expansion within the industrial pumps business.”
The acquisition is an all-cash transaction utilising Atlas Copco’s funds and is subject to regulatory approvals. The acquisition is expected to be completed during the second quarter of 2022.
