Silverfleet Capital has acquired a majority stake in German based pump manufacturer Pumpenfabrik Wangen.
The company manufactures screw pumps for four key end markets: biogas, food and beverage, agriculture and wastewater treatment, and sells its products into Europe, Asia and the Americas.
It lists clients such as the Royal Navy, Schwarzkopf and the Wirtgen Group – a division of John Deere. Founded in 1969, Pumpenfabrik Wangen currently employs around 200 people and expects to generate revenues of €37m.
Silverfleet’s investment will be used to continue the company’s international and product growth and diversify across different industries. Terms of the transaction were not disclosed.
The transaction is the fifth investment completed by Silverfleet’s current €870m fund which closed in 2015.
Silverfleet was advised by Deloitte, goetzpartners, Latham & Watkins, Shearman & Sterling, GCA Altium, h&z and Ramboll Environ. The deal will be completed following regulatory approval.