Global manufacturer of pumps and systems Wilo Middle East (WME) has acquired PumpsPro, a well-reputed pump solution service provider under Direct Trade House International LLC (DTHI)
The aim is to create a new business unit to maintain the name of PumpsPro that will be managed and operated as a Wilo company.
The signing of the agreement took place at the WME office in Jebel Ali Free Zone (JAFZA) in the presence of Jens Dallendoerfer, senior vice-president – sales region emerging markets, Wilo Group; Yasser Nagi, managing director, Wilo Middle East and group sales director MENA region and Bijan Sheibani, chairman, Direct Trade House International LLC.
Under the terms of the agreement, Wilo Middle East will acquire PumpsPro – including all its assets, highly skilled service workforce, brand, and extensive portfolio of customers. The move is expected to further reinforce Wilo Middle East’s position as a complete solution provider in the UAE and the Middle East region.
Yasser Nagi, managing director, Wilo Middle East, commented, “We are proud to announce the signing of a strategic acquisition agreement with PumpsPro – a move that is expected to make Wilo a leading solutions provider in the UAE and the rest of the region. It's a win-win agreement that falls in line with Dubai’s Demand Side Management Strategy 2030 and gives us the opportunity to support the retrofit program of 30,000 buildings by 2030, which aims to make the emirate one of the most sustainable cities in the world.”
PumpsPro has been working with Wilo Middle East as service partner for its overhauling and repairing business since 2018. The signing of the new agreement is expected to reinforce Wilo’s capabilities – equipping the company to bring repairing and overhauling activities in house, especially catering to the large number of building service, water management and industrial customers that require the right servicing that leads to strong reliability and asset uptime.
Peter Glauner, senior vice-president – group service, Wilo Group, stated, “We are confident to seeing more benefits as business synergies are further integrated. Over the years, we have reinforced our position as a global leading premium manufacturer of innovative pumps and pumping systems in the field of building services, water management and industry.”
