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21 Feb 2022

MCF advises Silverfleet Capital on the sale of their portfolio company Pumpenfabrik Wangen (“Wangen Pumpen”) to Atlas Copco

Silverfleet Capital, the pan-European private equity firm, has sold its portfolio company Pumpenfabrik Wangen ("Wangen Pumpen"), a leading manufacturer of progressive cavity and twin-screw pumps, to Swedish based industrial group Atlas Copco. Subject to regulatory approvals, the transaction is expected to close in Q2 2022. MCF advised Silverfleet Capital and helped facilitate the transaction through its expertise in the pumps/ flow control segment.

"We are very happy with the valuable support of MCF. They have deep sector knowledge and helped us achieve a great outcome by running a fast and tailored process."

Joachim Braun

Partner of Silverfleet Capital

The Deal

Atlas Copco is a Swedish multinational industrial company and provides multiple solutions for the business areas, including compressor, vacuum, industrial and power techniques.

The acquisition of Wangen Pumpen is an excellent strategic fit for Atlas Copco’s industrial pumps segment. It’s differentiated technology and strong aftermarket business, creates a solid foundation for further growth in new industrial pump segments. As a result of the transaction, Wangen Pumpen will become part of the power and flow division within Atlas Copco’s power technique business area.

The Target

Founded in 1969 and based in Wangen, Germany, Wangen Pumpen is a market-leading manufacturer of progressive cavity and twin-screw pumps for highly viscous or abrasive substances and solid-fluid composites. The company employs approximately 250 staff and manufactures products for various end markets, including biogas, wastewater treatment, agriculture, and food & beverages. In 2021, Wangen Pumpen generated sales of c. €50m.

MCF has built a strong relationship with Wangen Pumpen, advising the previous owners in 2017 when Silverfleet Capital acquired the business. Under Silverfleet Capital’s ownership, the company increased sales, expanded its international presence, predominately in the US market, and extended its product portfolio by acquiring the Germany-based business unit for progressive cavity pumps (MX line) from Knoll Maschinenbau GmbH.

About Silverfleet Capital

Silverfleet Capital is a Pan-European mid-market private equity firm, having completed more than 128 buyouts in companies across Europe. Silverfleet Capital invests in international companies operating in several different countries, where there is an opportunity to accelerate growth, through strategies such as internationalisation, buy and build, and roll-out.

About Atlas Copco

Atlas Copco is a Swedish multinational industrial company with approximately 40,000 employees and customers across 180 countries. It is publicly listed on Nasdaq Stockholm and has generated c. €10.8bn sales in 2021.

Disclaimer

Subject to regulatory approvals, the transaction is expected to close in Q2 2022.