Ulli Seeberger, chairman and owner of Seepex, commented: “Ingersoll Rand emerged as the buyer of choice given the cultural fit, vision for the business and their approach. We have had a family-owned business of more than 45 years and it was imperative to find a buyer who had a purpose and values like ours with a steadfast commitment to customer satisfaction. I’m confident our team will feel at home with Ingersoll Rand.”
With the acquisition of Seepex, Ingersoll Rand expands its precision and sciences segment (PST) and gain greater exposure to markets such as water, wastewater and food and beverage.
“Adding progressive cavity pumps to our portfolio has been a strategic priority, and Seepex sets us up for future growth as well as complements our existing PST brands,” said Nick Kendall-Jones, vice president and general manager of the PST segment within Ingersoll Rand. “The proven capability and expertise of the Seepex team is second to none with their patents and product development, and the robust Industrial Internet of Things (IIOT) platform they have built around the pump. This digital capability and associated aftermarket efforts are focus areas we plan to scale across the whole PST segment of Ingersoll Rand.”
In January 2020, Ulli Seeberger, until then the sole managing director and owner of the company, established a management team for the future development of the company. Alexander Kuppe, Dr. Bernd Gross and Dr. Christian Hansen and were appointed as managing directors. There will be no changes on the management, except that Ulli Seeberger will retire as chairman and member of the board as part of the transaction.
"We will continue our business as usual and pursue our ambitioned plans - now being part of a strong group with many more complementary growth opportunities" says Alexander Kuppe, managing director, sales and service.
The transaction is expected to close during quarter 3 upon obtaining required regulatory approvals.