Grundfos, a provider of pump solutions and water technologies, entered into an agreement to acquire Mechanical Equipment Co. Inc. (MECO). U.S.-based MECO provides industrial water treatment products and technologies.
MECO produces water purification equipment for the pharmaceutical market, among others, via its proprietary vapor compression technology. According to Grundfos, the acquisition will further expand its water treatment capabilities.
MECO has manufacturing and sales offices in the United States as well as international offices in Singapore and Ireland. The transaction is expected to close during autumn 2021 and is subject to regulatory approvals.