SEEPEX is the global #2 specialist in progressive, cavity pump technology and a pioneer for digital solutions with a first mover advantage. Its product portfolio comprises pumps, pump systems and digital solutions with high performance ranges. With a well-balanced, global customer base and a significant installed base, SEEPEX serves a broad range of sectors, such as environmental engineering, food and beverage, oil, gas and petrochemicals, renewable energies and pulp and paper. Based in Bottrop, Germany, with facilities in North America, Europe and Asia Pacific, SEEPEX has approximately 800 employees and generated annual revenues of approximately €150 million in 2020.
Publicly listed Ingersoll Rand (NYSE:IR) is a global provider of mission-critical, flow-creation industrial solutions. With the acquisition of SEEPEX, Ingersoll Rand is pursuing a clear growth strategy within its precision and science technologies (PST) segment to grow its pump technology offering and gain further exposure to high-growth, sustainable end markets, such as water, wastewater and food and beverage.
Lincoln International acted as the exclusive, sell-side, financial advisor to the SEEPEX shareholders in this transaction, leading the process throughout all deal stages. This included careful selection of and customized approaches with potential bidders, working closely with the management team in preparing the business for sale and facilitating an extensive due diligence process. The transaction closed on September 1, 2021.