Desmi is sold to One Equity Partners

(Posted on 26/06/22)

DESMI, a Danish manufacturer of pumps, pumping systems, environmental cleaning equipment and related products and services, has announced it has signed a definitive agreement to sell a majority share to One Equity Partners (“OEP”), a middle market private equity firm. Terms of the transaction were not disclosed.

Founded in 1834 and headquartered in Nørresundby, Denmark, DESMI provides pumping solutions to end-markets including marine and offshore, industrial, utility, and defense and fuel. The company also provides environmental solutions for oil spill response, seaweed collection and cleaning waterways.

DESMI has global operations across 20 countries in Europe, Asia, the Middle East, North America, and Africa and employs nearly 1,000 people. DESMI’s pumps and systems are sold to more than 150 countries through a network of subsidiaries and distributors across six continents.

“We look forward to a strong partnership with CEO Henrik Sørensen and his management team,” said Johann-Melchior von Peter, Senior Managing Director at OEP. “We plan to utilize OEP’s deep industrial sector expertise to help DESMI accelerate its growth trajectory and further diversify its end-markets to strengthen the business.”

“It was high on our agenda to find a new owner who wants to continue our growth strategy within flow technology and extend DESMI’s brand. OEP wants exactly that, and I am pleased to welcome them as a new majority shareholder of our great company,” says Sørensen. “After nearly 190 years of operations, we look forward to entering our next stage of growth with the support of our new partner. OEP is a firm that shares our vision for the evolution of DESMI and has a long-standing track record for building market-leading industrial companies.”

“We see significant potential to leverage DESMI’s global infrastructure and comprehensive value chain to consolidate a fragmented industry and enter new, attractive product segments,” said Marc Lindhorst, Principal at OEP.

The acquisition is expected to be completed in the second half of 2022 and is subject to regulatory approvals and customary closing conditions.

Latest News

Superior opens new manufacturing facility in Minnesota

Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more

Low-friction coatings set to improve RightShip GHG rating

RightShips’ EVDI methodology is familiar to most drybulk ship owners, with chartering customers... Read more

Great Lakes bulk carriers continue to “Thordonize”

Thordon Bearings has delivered its COMPAC water-lubricated propeller shaft bearing solution to the final... Read more

ShipMoney appoints Karen Martin as Global Brand Ambassador

ShipMoney, the innovative digital payments platform for the maritime industry, has announced the appointment... Read more

50 years of the Liebherr mobile harbour crane

The global market for mobile harbour cranes has seen Liebherr rise to prominence, thanks to the consistent... Read more

Breakthrough makes possible wireless monitoring of seawater-lubricated bearing wear

Thordon Bearings has unveiled a new wireless propeller shaft bearing wear measurement system, marking... Read more

Partnership to deliver integrated maritime solutions

Global HR, payroll, and crew management software specialist Adonis under the Ripple Operations brand... Read more

TwinShip aims to improve access to reliable data for aiding decarbonisation

A consortium, including technology group Wärtsilä, will develop a new system for the maritime... Read more

K Line to trial Inmarsat Maritime's new bonded network service

Kawasaki Kisen Kaisha, Ltd. and Inmarsat Maritime, a Viasat company, have announced that “K&rdquo... Read more

First LPS 600 in Germany boosts logistics for J. MÜLLER

In order to remain ahead of its time, J. MÜLLER Weser GmbH & Co. KG has received the first... Read more