FRANKENTHAL, Germany, February 23, 2012 /PRNewswire/ --
On 16 February, KSB took over an eighty percent share in Copenhagen-based T. Smedegaard A/S. The company, established in 1942 and with a workforce of around 80, manufactures the type of circulating pump used above all in heating systems. Outside Denmark, it has another production site in Switzerland as well as business locations in the United Kingdom and Sweden.
"The take-over aims at securing our building services project business in the areas of heating, ventilation and air-conditioning," Dr Wolfgang Schmitt, Chairman of the Board of Management explains. KSB will integrate the Smedegaard circulating pumps into its existing product portfolio. The pumps manufactured in Copenhagen and Beinwil am See (Switzerland) will round off KSB's building services pump offering.
The acquisition has given KSB access to a technology thanks to which the circulating pumps will be able to meet increasing energy efficiency requirements. Distributed through KSB's sales organisation, these products will now reach a broader customer base. Smedegaard's previous sole owner, Mr Sören Smedegaard, remains in the company and will assume responsibility for sales as one of the company's two managing directors.
KSB is a leading international manufacturer of pumps, valves and related systems for process engineering and building services, water transport and treatment, energy conversion and solids transport. The Group has a presence on all continents with its own sales and marketing companies, manufacturing facilities and service operations.
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SOURCE KSB Group