Posts Tagged ‘acquisition’
Grundfos today announced that they will acquire long term local Australian partner, B.K.B. Pumps & Tanks Pty Ltd. The deal closure is expected to be finalised by early April 2013. The new business will merge the resources of B.K.B. Pumps and Tanks Pty Ltd with Grundfos’ Australian Commercial Building Services (CBS) team to create a new entity with national reach and industry leading capabilities and resources. The move will further strengthen Grundfos’ position in the Australian commercial buildings market.