AxFlow acquires Irish Pumps & Valves Limited
AxFlow Ireland has announced its acquisition of Irish Pumps & Valves Limited, a major supplier of valves, actuators, pumps and ancillary equipment to the wastewater, power generation and process industries.
AxFlow Ireland has a long and well-established presence in these industries through its pump distribution and service facilities, and by adding valves to its portfolio it will be able to offer pump and valve packages for large scale projects.
Announcing the acquisition, AxFlow Group CEO Ole Weiner says: “This acquisition will enable AxFlow Ireland to enter the valve market in the wastewater sector and thereby capitalise on Irish Pumps & Valves strong position. The strategy of adding valves to our product portfolio has already realised benefits in the food sector with the introduction of SPX products. This is a big opportunity for us to grow valve sales in sectors which AxFlow Ireland has never explored. We have a good spread across all markets with our pumps so adding valves to our offering is obvious next step in growth.“
Established in 1998 Irish Pumps & Valves is based in Carlow, where it holds an extensive stock range of gate, non-return, ball and butterfly valves. In addition, its portfolio also includes pneumatic and electric actuators, flanges, fittings, gaskets, and fixings. The company offers full assembly and test facilities at its County Carlow Premises, together with an onsite customer service backup.
The move has been welcomed by Helen Murray, owner of Irish Pumps & Valves. “There are considerable synergies between both companies and together we can expand into industry sectors where previously we were underrepresented,” says Helen Murray. It’s a view that is also supported by Stuart Flood, Managing Director of AxFlow Ireland.
“Irish Pumps & Valves is an established business in the Irish market,” comments Stuart Flood. “They are strong in the water and wastewater, which complements AxFlow’s sales of PD pumps in this sector. This acquisition will enable us to offer pumps and valves in one package, giving us a significant competitive advantage, making us truly a One-Stop-Shop.” He continues: “Irish Pumps & Valves has a good geographical location outside Dublin, so this will provide AxFlow with the opportunity to grow another service facility for its pumps business, as well as developing service and testing for valves.”
For further information, please contact:
Ole Weiner, CEO of AxFlow Holding,+46 (0)8 545 476 72, firstname.lastname@example.org
Lars Carlson, CFO of AxFlow Holding, +46 (0)702 74 05 35, email@example.com
Helen Murray, Owner and Managing Director of Irish Pumps & Valves, + 35359 9722827, firstname.lastname@example.org
Stuart Flood, Managing Director of AxFlow Limited, + 3531 8853326 , email@example.com