Danish water solutions company Grundfos announced on Thursday it has acquired Pittsburgh-based Newterra, a water and wastewater treatment systems company.
The acquisition will enhance Grundfos’ water treatment portfolio, the company said, and move it closer to becoming a global leader in water treatment, as well as grow its presence in U.S. and Canadian markets.
“The addition of Newterra is another important step to realize Grundfos’ ambition to become a global leader in water treatment,” said Inge Delobelle, EVP & Divisional CEO of the Industry division of Grundfos. “It enhances our ability to provide modular, efficient and scalable water and wastewater treatment systems to our customers both in the US and the rest of the world. With Newterra on board, we can offer more complete, energy- and water-efficient solutions to our customers, helping them treat, reduce and reuse water more effectively, offering one of the most comprehensive water treatment portfolios in the industry.”
The company said addition of Newterra will bring its total employees to more than 1,500 and increase its revenues to more than $350 million.
“In a world where it is more critical than ever that we treat, reduce and reuse water with great care, building a strong water treatment business is pivotal,” Delobelle said. “In addition to combining the many strengths of Newterra and its excellent solutions and offerings with the Grundfos water treatment business, I look forward to welcoming a group of dedicated colleagues who share our passion for innovation, customer focus and ambition to create sustainable solutions to the world’s water and climate challenges.”
Grundfos has been building its water treatment platform since 2020 and expects to continue building on the acquisitions, the company said.