Sunday 21 March 2021
Wilo Middle East (WME), an international German manufacturer of pumps and systems and a world-leading driver of innovation, has acquired PumpsPro, a pump solution service provider under Direct Trade House International LLC (DTHI).
The acquisition entails the creation of a new business unit that will maintain the name of PumpsPro but will be managed and operated as a Wilo company.
The agreement was signed at the WME office in Jebel Ali Free Zone (JAFZA). Under the terms of the agreement, Wilo Middle East will acquire PumpsPro - including all its assets, service workforce, brand, and 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.
The agreement is in line with Dubai’s Demand Side Management Strategy 2030 and gives Wilo the opportunity to support the retrofit program of 30,000 buildings by 2030, which aims to make Dubai one of the most sustainable cities in the world.
PumpsPro has been working with Wilo Middle East as a 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.
Wilo’s offshore customers in the region will also benefit from the acquisition, where demand for servicing offshore pumps has seen a big uptake, providing oil and gas customers the just-in-time servicing they require.
Sectors that will benefit from the newly signed agreement include facilities management, hotels, leisure destinations, hospitals, schools, water parks, offshore, water management, and industry.