PHOTO
Wilo Middle East (WME), an international premium manufacturer of pumps and systems and a world-leading driver of innovation, has announced today (Monday, February 15, 2021) the acquisition of PumpsPro, a well-reputed pump solution service provider under Direct Trade House International LLC (DTHI). 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.
-Ends-
About Wilo
The Wilo Group is a global leading premium manufacturer of innovative pumps and pumping systems in the field of building services, water management and industry. Since 2008, the company's headquarters of the Middle East and North Africa region is located in the UAE--serving 20 countries located within the MENA area. Wilo Middle East's 8,000 square production facility is equipped with its own assembly line and also feature office space, showrooms, a logistics centre and dedicated training rooms, which offer dealers, engineers, installations, and consumers a perfect location for attending training sessions for the various applications of Wilo products. The facilities have been dubbed as one of the most energy efficient in Dubai and has been recognized with LEED Gold certification. The investment of Wilo Middle East across Dubai's thriving economic hub is an acknowledgement of the region’s growing prominence and responding to the growing requirements of the market. Wilo sets new standards as a leader of innovation in terms of system efficiency and maximum energy savings. Around 8,000 employees work for the company worldwide in more than 90 countries. About 2,500 service technicians and about 900 service partners ensure first-class service around the globe.
For further information, please contact:
CommuniGate Middle East
P.O.Box 500270, Dubai, UAE
Tel: +971 4 4546093
Fax: +971 4 3612432
E-mail: info@communigateme.com
Website: www.communigateme.com
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
