Nikkiso To Buy Leading German Pump Maker From Funds

Nikkiso Co., the third largest pump maker in Japan, announced that it will acquire Lewa Gmbh, the world 's biggest manufacturer of pumps for refineries and other large-scale applications for $230 million. Tokyo-based Nikkiso will acquire Lewa from two major shareholders whose funds are managed by Deutsche Beteiligungs AG, a leading German mid-market private equity company and Quadriga Capital, a German private equity company with a track record of more than 20 years. Nikkiso said it and Lewa can complement each other both in products and marketing and that the move will allow Nikkiso to expand its product lineup.