AxFlow AB Completed Acquisition of Sweden based Pump Distributor Esspump AB

Sweden: AxFlow AB, a Sweden based distributor of industrial fluid handling equipment, has successfully acquired Esspump AB and has become the largest distributor of positive displacement pumps in Sweden. AxFlow is working for various pump manufacturers such as Mono, Nash, Waukesha, Hermetic, Blackmer and Maag. With this acquisition, the AxFlow portfolio would include equipment from Wilden, Almatec, OBL, Mouvex, System One and Quattroflow as well. AxFlow and Esspump AB are well known for their products technology and application knowledge globally. This acquisition would assist in creating a stronger market position for AxFlow globally which is currently one of the market leaders in the chemical, mining, pulp and paper and water and wastewater, food and pharmaceuticals industries.

TechSci Research depicts that the increasing penetration of positive displacement pumps in wastewater treatment, food, beverage, and pharmaceutical industries is elevating the market of water pumps in Europe and globally. In response to this, the acquisition of Esspump AB by AxFlow AB would create a large market opportunity for the later. The strategic move would lead to expansion of product portfolio, offered services and technical solutions, together with catering a wider base of customers. Also, the knowledge attained through the acquisition and availability of international resources will bring in novel business ideas to create a stronger market position of the company in both pump and industrial fluid handling equipment categories.

According to the recent report published by TechSci Research, “Global Water Pumps Market Forecast & Opportunities, 2020”, the global positive displacement pumps market is the fastest growing segment in the overall market of  Global Water Pumps and is expected to reach USD17.52 billion by the end of 2020. Region-wise, Asia-Pacific is the dominant region for water pumps, with majority demand emanating from high growth countries such as China and India. The market is highly fragmented in Asia-Pacific, with many players in unorganized segment currently dominating the market.