Quality drives the European oil & gas pump market

• Publisher: Elsevier Science
• Year: 2008
• Tongue: English
• Weight: 78 KB
• Volume: 2008
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(08)70213-1

✦ Synopsis

Lewa makes North American acquisition

L ewa is expanding in North America with the acquisition of Houston, Texas-based Capital Process Equipment Inc (CPE), a supplier of equipment and systems for chemical metering in offshore oil and gas extraction.

"CPE has long-standing experience in this sector, and this expertise makes CPE our ideal partner for the further development of important markets in the oil and gas sector, for example in Texas and in the Gulf of Mexico," said Bernd Stütz, Lewa CEO. According to Stütz, this acquisition is an important step for Lewa's further growth, and offers considerable turnover potential in the oil and gas, and petrochemical sectors.

Headquartered in Leonberg, Germany, Lewa specialises in hermetically sealed process diaphragm pumps and metering systems for applications involving critical processes and requiring a high level of safety.

As a group Lewa achieved a 25% increase in 2007 turnover to 125 million.