Interpump to purchase GS-Hydro’s assets
10 January 2018
Italy’s Interpump Group has signed a binding agreement to acquire the international assets of Finnish piping systems specialist GS-Hydro Group in a EUR €9 million deal.
The agreement covers the acquisition of subsidiaries in the UK, Spain, Austria, Germany, Denmark, Benelux, Poland, Sweden, US, China, South Korea, Singapore and Brazil, as well as the manufacturing unit of the Finnish head company GS-Hydro Oy, including intellectual property and international certifications.
“The acquisition has great potential for synergies, and the addition of piping systems represents a significant widening in the scope of our hoses & fittings business; at the same time, our presence and grip on international markets will be strengthened,” said Fulvio Montipò, Interpump Group Chairman.