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Grundfos pumps up business

Grundfos pumps up business

Baker & McKenzie and Moores Legal advised on the acquisition of BKB Pumps & Tanks by Grundfos, which completed on 21 March.

 

Firms: Baker & McKenzie (Grundfos), Moores Legal (vendors)

Deal: Grundfos acquires BKB Pumps & Tanks

Area: M&A

Value: Undisclosed

Key players: The Bakers team in Australia was led by senior associate Rick Troiano and corporate partner Richard Lustig, together with general associate Eliza McDonald and special counsel Toby Patten

Deal significance: The Danish-based Grundfos expects to merge the resources of BKB Pumps & Tanks with its Australian Commercial Building Services business to create a new entity with national reach and industry leading capabilities and resources. The move is expected to further strengthen Grundfos’ position in the Australian commercial buildings market. Troiano said that the transaction demonstrated keen interest by foreign companies in Australian businesses with strong strategic benefits. 

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