Grundfos Strengthens Water Solutions with Newterra Acquisition
Grundfos Completes Newterra Acquisition
The acquisition of Newterra marks a significant milestone for Grundfos as it seeks to bolster its position as a leader in water treatment solutions on a global scale.
Strategic Importance of the Acquisition
By acquiring Newterra, Grundfos is expanding its portfolio of water treatment and wastewater solutions. This strategic move is pivotal in strengthening its commitment to enhancing capabilities in the US and Canadian markets.
Expert Insight
Inge Delobelle, EVP & Divisional CEO of Grundfos Industry Division, noted the importance of this acquisition, stating, "Adding Newterra is a critical step in realizing our goal of becoming a global leader in water solutions. This acquisition enhances our ability to deliver modular, energy-efficient, and scalable water treatment systems to customers worldwide. With Newterra as part of our team, we can offer more sophisticated solutions for reducing and reusing water more effectively, ensuring one of the most comprehensive water treatment portfolios available in the industry."
Growth in Revenue and Workforce
Following this acquisition, Grundfos' revenue surpassed $5 billion recently. Their water treatment division will now comprise over 1,500 skilled professionals across various regions, including Europe and North America, with anticipated revenue exceeding $350 million.
Commitment to Water Sustainability
Inge Delobelle emphasizes the importance of responsible water management, stating, "As water conservation becomes increasingly critical, building a robust water treatment business is essential. Merging the strengths of Newterra with Grundfos not only enhances our service offerings but also supports our mission to provide innovative and sustainable solutions to the world's pressing water and climate challenges."
Future Plans for Growth
Since 2020, Grundfos has pursued a series of strategic acquisitions to develop a formidable water treatment platform. As part of its growth strategy, the company aims to double its operations in the US by 2030. Recent announcements include plans for a new manufacturing facility poised to elevate their operational footprint further.
New Manufacturing Plant
The new plant will be established in Texas, the site of Grundfos' US headquarters. This addition reflects their ongoing commitment to enhancing local production capabilities and responding to growing market needs.
About Grundfos
Grundfos is a trailblazer in addressing global water and climate challenges, helping to improve the quality of life for individuals globally. As a leading player in the pump and water solutions sector, Grundfos prioritizes providing energy-efficient systems for various applications, serving water utilities, industries, and buildings.
Through innovation and customer-centered strategies, the company works tirelessly to advance sustainable water solutions. Their recent acquisition of Newterra is a testament to this ongoing mission.
About Newterra
Newterra specializes in designing and manufacturing comprehensive environmental, water, and wastewater treatment solutions. Their commitment to reliability and performance establishes them as a preferred partner for municipal and industrial sectors. Newterra's broad range of technologies supports diverse applications, including drinking water and wastewater treatment.
Frequently Asked Questions
What is the significance of the Newterra acquisition for Grundfos?
The acquisition enhances Grundfos' capabilities in water treatment, enabling it to provide a wider range of efficient and sustainable solutions to its customers.
How does Grundfos plan to expand its presence in North America?
Grundfos aims to double its US business by 2030, alongside the establishment of a new manufacturing plant to boost local production.
What are the anticipated impacts of this acquisition on Grundfos' workforce?
The workforce for Grundfos' water treatment division will expand to include over 1,500 skilled employees across North America and Europe, supporting increased service capacity.
What innovations does Grundfos aim to implement with Newterra?
Combining strengths from both companies will lead to more energy-efficient, modular water treatment systems that cater to diverse customer needs globally.
Where can I find more information about Grundfos and its services?
For additional details about Grundfos and its offerings, visit their official website at www.grundfos.com.
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