Pentair (www.pentair.com) reached a definitive agreement to acquire the assets of Jung Pumpen (www.jung-pumpen.de), a leading German manufacturer of wastewater products for the municipal and residential markets. Jung brings to Pentair strong application engineering expertise and a complementary product offering, including a new line of water re-use products, submersible wastewater and drainage pumps, wastewater disposal units, and tanks.
Pentair Water expects the acquisition to expand its reach into the European wastewater market. Pentair believes the wastewater market is an attractive growth opportunity — especially in Eastern Europe, where environmental considerations, new regulations, and improving infrastructure are accelerating the connection rates of homes to municipal infrastructure. Pentair is particularly excited about gaining access to Jung’s Hydromatic diversified line of submersible sump, sewage, effluent, and grinder pumps, large non-clog pumps, and self primers.
The transaction is subject to receipt of approval from the German Federal Cartel Office and is expected to be completed in early 2007. No additional terms were disclosed.
