AxFlow's acquisition provides it with a foothold in Irish valves market
23 Jul 2019
AxFlow’s Irish subsidiary has acquired the Carlow-based Irish Pumps & Valves Limited, a major supplier to wastewater, power and process industries in the Republic.
While AxFlow Ireland has been long established in Ireland as a pump distributor and supplier, the purchase provides it with an entry into the valves market, enabling the firm to offer combined packages for large projects.
CEO of AxFlow Group Ole Weiner commented:
“This acquisition will enable AxFlow Ireland to enter the valve market in the wastewater sector and thereby capitalise on Irish Pumps & Valve’s strong position. We have a good spread across all markets with our pumps so adding valves to our offering is obvious next step in growth.“
AxFlow Ireland piloted the strategy by adding valves its food sector product with the introduction of SPX products. But, said Weiner, the acquisition “is a big opportunity for us to grow valve sales in sectors which AxFlow Ireland has never explored”.
We have a good spread across all markets with our pumps so adding valves to our offering is obvious next step in growth
Ole Weiner, CEO, AxFlow Group
Speaking after the acquisition was announced, Irish Pumps & Valves owner Helen Murray said the move would bring benefits to her company.
“There are considerable synergies between both companies and together we can expand into industry sectors where previously we were under-represented.”
Managing director of AxFlow Ireland Stuart Flood said Irish Pumps & Valves’ location outside Dublin would create new business opportunities. Its Carlow site provides access to much of the industrialised areas of the south and south west, being equidistant from Limerick and Waterford and with good connections to Cork.
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