Lakers AS acquire Pump Supplies Ltd
Norwegian pumps specialist expands into UK market with acquisition of Pump Supplies Ltd
LAKERS AS, a Norwegian company specializing in the service, sales, service and hire of pumps, has expanded into the UK market with the acquisition of Pump Supplies Ltd for an undisclosed sum.
Pump Supplies are said to own and operate the UK’s largest hire fleet of electric submersible pumps and accessories. They are also the country’s leading distributor of Flygt pumps and supplier of electric submersible pumps into the UK and Irish market. Their range covers submersible pumps, pipework, spares, and accessories for a wide range of industry sectors and applications.
Established 39 years ago by managing director Andrew John in Port Talbot, South Wales, the business has grown significantly over time to include a further four strategically located depots in Gloucester, Winsford, Bodmin and Wexford, and now employs 70 people.
Mr John (pictured) said: ‘The acquisition is a great coming together of two businesses who’ll mutually benefit from the deal. It stabilizes a mature business which is well regarded in its marketplace and provides a strong platform for the future development, and it provides Lakers with a gateway for its plans to expand further in the UK.
‘There’s no significant or material change to the running or organization of the business in the near future. It’s business as usual with the existing management team, including myself, remaining in place with arm’s length support from the Lakers team in Oslo. We’ll continue to provide the same support and service levels going forward.’
Lakers are acquisitive and looking for other UK companies to add to their portfolio in the future. Founded in Norway in 2016, they comprise 24 companies across Scandinavia and Germany with a sales turnover of around £90 million and some 400 employees.
Carl-Johan Callenholm, owner of Lakers, said: ‘The Lakers network is growing all the time. It continues to go from strength to strength because of companies like Pump Supplies. The acquisition is great news for the future of Pump Supplies so they can continue to move forward and flourish, with our added insight and experience to adapt and change to meet the challenges of the future.’