Tricel grows UK market share with Action Pumps acquisition
Irish engineering group Tricel has increased its UK market share with the acquisition of pump manufacturer Action Pumps Ltd, in a deal advised by BCMS.
Founded in Portsmouth more than 30 years ago, Action Pumps is a nationwide company specialising in the manufacture of packaged pump sets for pressure boosting and transfer applications, as well as managing the full service of distribution, installation and maintenance of pumps, pressurisation, expansion products and all related ancillary components.
The acquisition will facilitate the delivery of enhanced product offerings and industry knowledge to Tricel’s wide range of customers. Action Pumps shares many of the company’s core values, and this acquisition offers valuable collaboration opportunities across Tricel’s ever-growing product portfolio.
Action Pumps Managing Director Andy Parks said: “We are excited with the opportunities this integration into the group extends to Action Pumps. It provides us with the ability to leverage the group’s global presence and resources and accelerate our growth within the UK Water industry.
“As a result of this acquisition, our companies will continue to enhance and expand the essential relationships we have with our customers and partners, who will now have access to an extensive portfolio of water products and services. We are dedicated to maintaining and increasing the quality of innovation, support, and service that are shared goals across the two companies.”
This is the latest in a series of acquisitions by Tricel to align with the company’s overall growth strategy which targets 2020. Currently, the group has over 12 operating locations across Europe and is recognised as a leading distributor of specialised and innovative industry products, as well as a highly trusted global brand.
Headquartered in Kerry, Ireland, Tricel serves over 50 countries worldwide with its extensive range of offerings. More than 60 years of successful operations have instilled the company with the technical expertise and knowledge required to deliver a range of leading product solutions.
The continued growth and success of the company have resulted in the creation of over 90 jobs in the past 18 months alone. Tricel employs over 400 staff, and the company’s current growth strategy reflects its strength and position within the market.
BCMS advised the shareholders of Action Pumps, with legal advice from Coffin Mew LLP.