Atlas Copco to acquire major Australian pump specialist
27 April 2023
Atlas Copco is to acquire National Pump & Energy (NPE), a major pump, power and compressor rental and sales business in Australia and New Zealand.
The deal is expected to close during the second quarter of 2023. The price has not been disclosed.
Headquarted in Queensland, the company employs 420 staff and generated revenues of SEK1.4 billion (€138 million) in 2022. In addition to pumps, it rents generators and compressors.
NPE will become part of the Specialty Rental Division within the Power Technique Business Area of Atlas Copco. A statement on the NPE website said it will continue to operate as NPE.
Andrew Walker, business area president Power Technique, said, “NPE has strong market recognition, and great expertise. The acquisition will strengthen our presence in dewatering and water treatment, which is an area where needs are increasing due to climate change and more frequent flooding events. This is driving the need for fast response and specialty dewatering solutions.”
National Pump & Energy (NPE) has growth through acquisitions over the past decades. The business took on its current identity in 2015 with the merger of National Pump Services (NPS) and Resource Equipment Limited (REL) and in 2021 NPE acquired competitor Vortex Group.