A team at Knights has advised Swedish WTR Group on its acquisition of an established UK pump solutions specialist.
WTR, a leading supplier of technical products, services and solutions for the Northern European water and wastewater transportation sector, today announced the acquisition of Hydromarque Group Ltd.
Peterborough-based Hydromarque, founded in 1987, is the exclusive UK distributor for Gorman-Rupp and Cornell pumps – building a market-leading reputation for complete pumping solutions across wastewater, clean water, food processing and other industrial applications.
A team of specialist Corporate advisors at Knights in Birmingham, led by Partner Gareth Burge and supported by Senior Associate, Joe Rollins and Partner, Amy Osbourn helped secure the deal.
CEO of WTR Group, Khashayar Nikavar, said:
“We are delighted to welcome Hydromarque to WTR Group. Their deep technical expertise, strong supplier partnerships, and long-standing relationships within the water, food and industrial sectors gives us a great strategic fit.
“Hydromarques’s reputation for quality, reliability and customer support aligns perfectly with our vision, and we look forward to working closely with the team to accelerate our joint growth in the UK and across Northern Europe.
“We are grateful to the Knights team for their ongoing support as we grow WTR Group in the UK.”
Knights partner, Gareth Burge said:
“We are delighted to continue our relationship with WTR Group and to have advised on this latest deal – WTR’s third in the UK in the last 18 months.
“Our specialist team worked hard to ensure a seamless process and we look forward to seeing how both WTR and Hydromarque achieve their long term aims, and to supporting their future growth.”
Swedish legal advice was provided to WTR Group by Baker McKenzie, Stockholm. Financial and tax advice was provided to WTR Group by Mazars. The sellers of Hydromarque Group Ltd were advised by Freeths.