Grundfos Acquires Newterra to Expand Water Treatment Presence
Grundfos acquires Newterra to enhance its water treatment portfolio and accelerate growth across North America, aiming to double U.S. operations by 2030.
www.newterra.com
Following a series of acquisitions in water treatment in recent years, Grundfos has entered into an agreement to acquire Pittsburgh based water and wastewater treatment company Newterra. It marks another step towards expanding the company’s presence in North America..
Danish company Grundfos, a global leader in advanced water solutions, has signed an agreement to acquire the Pittsburgh based water and wastewater treatment solutions company Newterra from the Chicago-based Private Equity firm, Frontenac.
The signing follows a series of strategic acquisitions made by Grundfos in recent years and will further strengthen the company’s growing portfolio within water treatment.
It also underscores Grundfos’ strategic ambition to expand its presence in the important US and Canadian markets. The company aims to double its US business by 2030 and recently announced that it will expand its production footprint in the US by building a new plant in Brookshire, Texas, where the company has its US headquarters.
"This acquisition is a natural next step towards realizing our ambitious growth plans for the US. Strengthening our capabilities in water treatment enables Grundfos and our customers to make an even bigger positive impact on the world’s water and climate challenges.
With Newterra’s capabilities and track record, we see this as a perfect fit for Grundfos. By integrating their complementary technologies and leveraging their market presence, we will be able to offer a wider range of products and offerings. This addition to our portfolio will enable our customers to address the evolving demands for water solutions,” said Inge Delobelle, EVP & Divisional CEO, Industry Division, Grundfos.
Newterra, which has around 280 employees, designs, engineers, manufactures and services a wide range of modular water and wastewater treatment solutions for industrial and municipal customers.
“We are very excited about joining Grundfos. Our visions and shared focus on enabling sustainable solutions for our customers are well aligned. And I am sure, that with our capabilities and the many strengths of Grundfos, together, we can achieve so much more for our customers and the world around us,” said Kevin Cassidy, CEO, Newterra.
Since 2020, Grundfos has completed a series of strategic acquisitions to build a strong water treatment platform. With the inclusion of Newterra, the company’s water treatment business will have more than 1,500 highly skilled employees across Europe and North America and revenues exceeding USD 350million. Building on recent years’ acquisitions, Grundfos plans to further strengthen its water treatment business.
The acquisition is subject to closing conditions including regulatory approvals. Closing is expected in the second half of this year. Until then, Newterra and Grundfos will continue to operate as separate entities.
www.newterra.com
