Grundfos enters into agreement to acquire leading water technology company MECO
Grundfos, has entered into an agreement to acquire Mechanical Equipment Company, Inc. (MECO). Based in the United States, MECO is a world leader in the industrial water treatment market with manufacturing and sales offices in the United States as well as international offices in Singapore and Ireland. The company has a strong presence in water treatment, 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.
This acquisition, which is pending regulatory approvals, will further expand Grundfos’ water treatment capabilities and strengthening Grundfos’ position as a leading global provider of water treatment solutions that address the world’s water and climate challenges and improve the quality of life for people. 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.
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 share a deep commitment to innovation and sustainability as well as a genuine care for their customers and employees.
As part of the Grundfos Group, MECO will continue strengthening their ongoing innovation, providing value-added services to customers, as well as their commitment to offering high-quality products designed with sustainability in mind.
The transaction is expected to close during autumn 2021, subject to regulatory approvals.