Grundfos Group acquires Peerless Pump

Danish pump maker Grundfos Group acquired Peerless Pump Co. of Indianapolis, its largest acquisition to date, as part of an aggressive North American growth strategy.

“The Grundfos Group has acquired Peerless Pump Co., Indianapolis. The U.S.-based manufacturer of pumps and fire protection systems has a total of six North American facilities. With more than 400 employees and annual sales of $110 million, Peerless is Grundfos’ largest acquisition to date, continuing its aggressive growth strategy in North America.”

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