Grundfos acquires Peerless Pump

The Grundfos Group has acquired Peerless Pump Co. With more than 400 employees and annual sales of $110 million, Peerless is Grundfos’ largest acquisition to date, as the company continues its aggressive growth strategy in North America.

12/04/2007


The Grundfos Group, with Headquarters in Denmark, has acquired Peerless Pump Co. Peerless is a U.S.-based manufacturer of pumps and fire protection systems, with facilities in Indianapolis and five other North American locations. With more than 400 employees and annual sales of $110 million, Peerless is Grundfos’ largest acquisition to date, as the company continues its aggressive growth strategy in North America.
"Recently we have focused on growing our business globally, especially in Eastern Europe, Asia, and North America,” said Carsten Bjerg, group president and CEO of Grundfos Group. “The US market has a significant growth potential, and seen in that perspective, the acquisition of Peerless is of great strategic importance to Grundfos. Combined with the continued expansion of our R&D facilities and production capacity in North America, this acquisition is crucial to strengthening our U.S. market position.”
Grundfos’ sales in North America are $300 million. The total U.S. pump market is estimated at $6 billion. With the latest acquisition, Grundfos expects to double sales within a four year period reaching $600 million.
“Grundfos has had a presence in the U.S. market since 1973, and over the last three years, we have made a series of major investments in North America to accelerate our growth,” said Søren Ø. Sørensen, group executive vice president and chairman of the board of Grundfos in North America. “With the acquisition of Peerless we extend our product range as well as our U.S. sales organization significantly. We expect a lot from this deal and see great potential for globalization especially of the Peerless fire protection systems.”
Peerless is considered to be one of the two most recognized water pump brands in the U.S., according to a 2007 survey conducted by “Pumps and Systems” magazine.
“We see Grundfos’ acquisition of Peerless as an extremely positive move for our customers as well as for the future security and continued development of our employees, of Peerless Pump itself, and our world wide sales





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me