The acquisition entails the creation of a new business unit that will maintain the name of PumpsPro but will be managed and operated as a Wilo company.
The signing of the agreement took place at the WME office in Jebel Ali Free Zone (JAFZA) in the presence of Jens Dallendoerfer, Senior Vice President - Sales Region Emerging Markets, Wilo Group; Yasser Nagi, Managing Director, Wilo Middle East & Group Sales Director MENA Region and Bijan Sheibani, Chairman, Direct Trade House International LLC.
Under the terms of the agreement, Wilo Middle East will be acquiring PumpsPro--including all its assets, highly skilled service workforce, brand, and extensive portfolio of customers. The move is expected to further reinforce Wilo Middle East’s position as a complete solution provider in the UAE and the Middle East region.
Yasser Nagi, Managing Director, Wilo Middle East, said: “We are proud to announce the signing of a strategic acquisition agreement with PumpsPro--a move that is expected to make Wilo a leading solutions provider in the UAE and the rest of the region. It's a win-win agreement that falls in line with Dubai’s Demand Side Management Strategy 2030 and gives us the opportunity to support the retrofit program of 30,000 buildings by 2030, which aims to make the emirate one of the most sustainable cities in the world.”
PumpsPro has been working with Wilo Middle East as service partner for its overhauling and repairing business since 2018. The signing of the new agreement is expected to reinforce Wilo’s capabilities--equipping the company to bring repairing and overhauling activities in house, especially catering to the large number of building service, water management and industrial customers that require the right servicing that leads to strong reliability and asset uptime. Wilo’s offshore customers in the region will also benefit from the acquisition, where demand for servicing offshore pumps has seen a big uptake--providing oil and gas customers the just in time reliable servicing they require.
Peter Glauner, Senior Vice President - Group Service, Wilo Group, stated: “This agreement boosts Wilo Middle East’s competitive advantage over its competitors. We are confident to seeing more benefits as business synergies are further integrated. Over the years, we have reinforced our position as a global leading premium manufacturer of innovative pumps and pumping systems in the field of building services, water management and industry. We remain steadfast in our efforts to set new standards as a leader of innovation in terms of system efficiency and maximum energy savings.”
PumpsPro's relationship with Wilo Middle East dates back to 2018. The company has earned a reputation of being a complete solution provider, with its employees cited for their high professionalism and expertise. Sectors that will benefit from the newly signed agreement include facilities management, hotels, leisure destinations, hospitals, schools, water parks, offshore, water management and industry.
“We are very confident that this acquisition deal between Wilo Middle East and PumpsPro will help consolidate our efforts to position ourselves as a top candidate in terms of providing complete turnkey value-added solutions to our retrofit customers who are looking for a one stop shop capable of providing services in supply, installation, start-up, testing / commissioning and other value-added requirements,” concluded Jens Dallendoerfer, Senior Vice President - Sales Region Emerging Markets, Wilo Group.