Grundfos said the purchase, which was announced in May, marks a step toward Grundfos’ plan of deriving one-third of its future turnover from sources other than pump solutions and being a “trendsetter” in water technology.
“On the one hand, we will obtain unique competence and completely new technology as a strong supplement to our present business, said Carsten Bjerg, CEO of the Grundfos Group, in a prepared statement. “In addition, we obtain new ‘muscles,’ which is an important achievement in our efforts to develop new and innovative solutions in the future. Not only pump solutions for transporting water, but also solutions concerning water treatment. The new resources we are getting not only open up new business opportunities for Grundfos, they also help us contribute to alleviating the growing water problems worldwide.”
The partnership between Grundfos and Enaqua was celebrated June 5 at Enaqua Headquarters in San Diego, Calif. Enaqua will continue to be managed by Manoj Jhawar, who is the second of three generations of the founder’s family working at the company. Enaqua was founded in 1985.