The announcement states that Pump House will keep its name and will continue its business of helping distributor, wholesalers and OEMs customers in the HVACR market across Europe. Being owned by DiversiTech will mean its product range will expand too. Pump House also ships its products to customers in the USA, Middle East and Australia.
DiversiTech Chief Sales and Marketing Officer Bud Sjogren said:
Bringing Pump House into the DiversiTech family makes perfect sense and is a natural progression based on our long-standing partnership. We see continued opportunity in the European market, and this acquisition assists us in capitalizing on those opportunities.
“As a result of the merger, both companies will be expanding their product portfolios with the goal of providing our customers a compelling one-stop-shop offering. This is in keeping with our desire to help our many customers simplify the way they work.”
After 12 years as a joint venture, DiversiTech has acquired all share capital of Pump House please see attached press release. Craig and I will stay with the business as it begins a new chapter of its developments as a member of the DiversiTech family, Paul Ludlow will retire from the business.
“There are no other changes and all members of the team will remain the same. We see this as the perfect fit for us with greater resources in engineering and R&D that will bring more new products to the market and help our growth both in UK and Europe. I thank you for your continued support.”