STAMFORD, Conn. and HOUSTON and LONDON and MILAN and LA SPEZIA, Italy, January 19, 2022 /PRNewswire/ — Effective today, we are delighted to announce that Trillium Flow Technologies (“Trillium”) and Termomeccanica Pompe SpA (“Termomeccanica Pompe”) have signed a joint agreement that will bring together the brands Termomeccanica Pompe, Gabbioneta Pumps and Begemann together under the umbrella of Trillium in Italy. Due to customary regulatory approvals, we expect the transaction to close in approximately three to four months. Following the transaction, Termomeccanica will focus its activities on the development of the ecology and gas compression sectors, where its subsidiaries TME and TMIC operate.
In business for more than a hundred years, Termomeccanica Pompe is a world leader in pump manufacturing providing innovative pumps and total service solutions for the power, desalination, water transmission and cooling markets. oil and gas. In addition, Termomeccanica Pompe has strong after-sales service capabilities that provide end users with reliable, efficient, responsive and comprehensive support for rotating equipment.
Trillium Flow Technologies, a First Reserve portfolio company, is focused on its mission to passionately help our customers by providing high-performance products and services to help meet the critical needs of today’s ever-changing world. The products and services of Termomeccanica Pompe combined with our Gabbioneta, Floway, WEMCO1, WSP and Roto-Jet pump offerings uniquely position Trillium to provide customers with an extensive line of complementary pump products, related technical support and aftermarket services.
Paul Macchi, Managing Director of Gabbioneta Pumps, said: “The acquisition will create a much larger Italian engineered pump manufacturer by combining two strong legacy brands with a highly complementary product portfolio, installed base and service capabilities. The joint entity will be best placed to support our local and international customers in a more comprehensive and impactful way.”
Edoardo Garibotti, General Manager of Termomeccanica Pompe, said: “I fully support the project which brings together some of the best skills in the sector.
David Paradise, CEO of Trillium Flow Technologies, added, “Termomeccanica Pompe and Gabbioneta have incredibly talented people, highly technical yet different offerings, and extensive manufacturing and testing capabilities. Bringing these companies together will create significant value for our customers and other stakeholders. joining these two companies aligns perfectly with our mergers and acquisitions strategy and demonstrates our continued efforts and commitment to building a leading flow technology company that offers highly engineered products and provides aftermarket support and solutions. -extended sales. »
About Trillium Flow Technologies
Trillium Flow Technologies is a global designer, manufacturer and aftermarket service provider of engineered valves and pumps used in critical infrastructure, energy and broader industrial applications. Its established portfolio of brands serves customers in the water and wastewater, global power generation, oil and gas, mining and general process industries sectors. Learn more at: www.trilliumflow.com
About First Reserve
First Reserve is a leading global private equity investment firm focused exclusively on energy, including related industrial markets. With over 35 years of industry experience, investment expertise and operational excellence, the company has cultivated a lasting network of global relationships, raising dollars $32 billion capital. Its portfolio companies have operated on six continents, spanning the energy spectrum from upstream to midstream and downstream oil and gas, including resources, equipment and services, and associated infrastructure. Find out more at: www.firstreserve.com
1 WEMCO® is a registered trademark of FLSmidth
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