Business
Vestum completes two add-on acquisitions in the UK
Vestum completes two add-on acquisitions in the UK
About this update from Vestum Ab
Vestum AB (publ) ("Vestum") has – through the subsidiary Pump Supplies Ltd ("Pump Supplies") – acquired all shares in PJT Pumping Services Ltd (”PJT”) and Cheltenham Controls Ltd (”CCL”). The companies will be part of the separated Flow Technology business. During the last fiscal year, the companies generated accumulated sales of approximately SEK 175 million with solid profitability. The purchase price was financed through own cash.About PJTPJT was founded in 1995 and is a UK-based “single source solution” provider of end-to-end services across pumping, drainage and water infrastructure. The offering includes specialist services in concept development, design, installation, maintenance and aftermarket as well as 24/7 emergency response. The company’s end markets include the water utilities, civil engineering and environmental sectors.PJT has 40 employees and is headquartered in Gloucester, England.About CCLCCL was founded in 2011 and is a UK-based provider of monitoring and control technology focused on electrical control panels. The company offers both standard and bespoke products and specialises in the design, manufacture and technical engineering of solutions utilised in a wide range of applications. The company’s primary end markets are the industrial and water utilities sectors.CCL has 12 employees and is headquartered in Gloucester, England.About Pump SuppliesFounded in 1982, Pump Supplies is one of the largest suppliers in the UK of electric submersible water pumps. The offer includes drainage, sewage and slurry pumps as well as an extensive range of accessories and pipe systems. Pump Supplies operates through six depots in England, Wales and Ireland.Pump Supplies has 105 employees and is headquartered in Gloucester, England.Financial impact of the separated Flow Technology businessIn 2025, on a pro forma basis including PJT and CCL as well as estimated costs for central functions, the separated Flow Technology business generated sales of approximately SEK 1.4 billion and an adjusted EBITA of just over SEK 300 million with growth in 2026 expected to be in line with Vestum's overall financial targets.Comment from Vestum’s CEO Simon Göthberg:We are today pleased to announce two excellent add-on acquisitions to Vestum's largest company, Pump Supplies. Both PJT and CCL have had commercial relationships with Pump Supplies for over 10 years and we are ...