Franklin Electric Acquires Small Competitor for Pioneer Pump Rental UK

Franklin Electric's Pioneer Pump Rental in the UK acquired a small competitor in Q3 2013, following the opening of its first branch in Q2 2013. The unit reached breakeven by Q1 2014.

“Pioneer Pump Rental in UK • Opened first branch – Q2, 2013 • Acquired small competitor – Q3, 2013 • Breakeven – Q1, 2014”

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