Officials sign the acquisition deal.
Wilo to take over UAE group PumpsPro
01 March 2021
Wilo Middle East (WME), an international premium German manufacturer of pumps and systems and a world-leading driver of innovation, has announced the acquisition of PumpsPro, a well-reputed pump solution service provider, from Direct Trade House International (DTHI).
The acquisition entails the creation of a new business unit that will maintain the name of PumpsPro but will be managed and operated as a Wilo company. Under the terms of the agreement, Wilo Middle East will take over all PumpsPro assets, skilled service workforce, brand, and extensive portfolio of customers.
The move is expected to further reinforce Wilo Middle East’s position as a complete solution provider in the UAE and the Middle East region, says Yasser Nagi, WME Managing Director and Group Sales Director (Mena), at the signing ceremony held in the presence of Jens Dallendoerfer, Senior Vice Preident (Sales) Emerging Markets Region, and Bijan Sheibani, DTHI Chairman.
“It’s a win-win agreement that falls in line with Dubai’s Demand Side Management Strategy 2030 and gives us the opportunity to support the retrofit programme of 30,000 buildings by 2030, which aims to make the emirate one of the most sustainable cities in the world,” Nagi says.
PumpsPro has been working with Wilo Middle East as service partner for its overhauling and repairing business since 2018.
The agreement is expected to reinforce Wilo’s capabilities – equipping it to bring repairing and overhauling activities in-house, especially catering to the large number of building service, water management and industrial customers that require the right servicing that leads to strong reliability and asset uptime.
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