Acquisition adds to pump portfolio
A
Tapflo (UK) product story
Edited by the Engineeringtalk editorial team
Jul 11, 2005
Tapflo has purchased 49% of the shares in Milan-based CDR Pumps.
Tapflo has purchased 49% of the shares in the Milan-based company CDR Pumps.
Tapflo will thereby have access to the Italian pump manufacturer's vast technical experience as well as the company's wide range of magnetically driven centrifugal pumps.
CDR Pumps has a turnover of about Eur 3.8 million, of which 70% is in the Italian market.
The merger also gives CDR Pumps access to Tapflo's extensive global sales organisation.
"Together with CDR Pumps we can now offer our customers a wider assortment of pumps, and further strengthen our position in our markets", says Hakan Ekstrand, Export Manager at Tapflo.
"Our customers will benefit from a stronger supplier who can provide products that largely meet all their needs for effective pump solutions".
CDR Pumps, which manufactures magnetically driven centrifugal pumps, is a great complement to Tapflo's pump portfolio.
The magnetically driven pumps are especially useful for handling poisonous, corrosive or otherwise hazardous liquids.
The pump system is completely contained thanks to the magnetic drive which prevents dangerous substances from leaking out into the work environment.
The pumps are suitable for industries such as chemical processing or surface treatment.
They are created and delivered in both metal and thermoplastic, depending on the type of liquid to be pumped.
"With our robust export organisation, we believe we can double CDR's turnover in a few years".
"The merger also gives us a very high level of combined technical competence, something that will become evident in future innovative pump solutions", says Ekstrand.
Today Tapflo is represented, through its own company and its partners, in 35 countries, which gives CDR Pumps considerable export potential.
Currently only 30% of CDR's pumps are sold outside the Italian home market.
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