Target Information
Franklin Electric Co., Inc. has successfully acquired PumpEng Pty Ltd., a prominent original equipment manufacturer of submersible pumps operating primarily within the mining sector. Based in Perth, Western Australia, PumpEng is recognized for its strong market presence and innovative solutions tailored to the demands of the mining industry. The company operates multiple facilities across Australia, including locations in Kalgoorlie, Townsville, and Adelaide, as well as in Twin Falls, Idaho. With an annual revenue of approximately $12.5 million AUD, PumpEng boasts a diverse portfolio of dewatering pumps marketed under reputable brand names such as JetGuard®, Guardian®, and Raptor®.
All PumpEng products are assembled in compliance with international standards, specifically within ISO 9001/14001 and ATEX-certified manufacturing facilities. This commitment to quality ensures that their products can withstand the rigorous conditions often encountered in mining operations, reinforcing their strong reputation in the market.
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Industry Overview
The mining industry in Australia is renowned for its vast resources, advanced technology, and rigorous regulatory frameworks. As one of the world’s leading mining nations, Australia continues to provide substant
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Disclosed details
Transaction Size: $8M
Enterprise Value: $8M