Xylem Inc. announced that it has acquired Pollmann Pumpen Ltd., a privately owned Germany-based dewatering technology and services company, for approximately $3 million. The actual terms of the transaction were not disclosed.
Pollmann Pumpen is a market-leading business with extensive dewatering expertise and technologies, including specialized capabilities such as well-pointing. The company has a strong customer base across Germany, which is the second largest construction rental market in Europe.
This acquisition is part of the strategic expansion of our dewatering business designed to capitalize on the growing demand for pump rental within the construction, municipal, mining and industrial sectors across Europe,? said Andrew Jones, vice president and director of Xylem?s dewatering business unit.
Bringing Pollmann Pumpen into the Xylem family will enable us to further strengthen our rental and services business in an important market. Combining the dewatering expertise of Xylem, our market-leading Flygt and Godwin products and Pollmann Pumpen?s strategic geographic position will complement our existing capacity in Germany and enable us to better serve our growing customer base across Europe.?
Headquartered in Bremen in Northern Germany, Pollmann Pumpen operates from three locations in the north and east of Germany. The company was founded in 1961 and has 30 employees. The company has a rental fleet of approximately 300 diesel and electric powered dewatering pumps, serving customers across Germany.
