On January 19, Trillium Flow Technologies ("Trillium") and Termomeccanica Pompe S.p.A. ("Termomeccanica Pompe") inked a partnership agreement to merge the Termomeccanica Pompe, Gabbioneta Pumps, and Begemann brands in Italy under the Trillium banner. We believe that the deal will conclude in about three to four months, subject to the usual regulatory clearances. Following the sale, Termomeccanica will focus on the ecological and gas compression sectors, which are served by its subsidiaries, TME and TMIC.
Termomeccanica Pompe has been manufacturing pumps for almost a century, providing revolutionary engineering pumps and global service solutions to the power, desalination, water transmission, and oil & gas industries. Additionally, Termomeccanica Pompe has comprehensive after-sales service capabilities that enable the company to provide end customers with dependable, efficient, fast, and all-inclusive rotating equipment help.
Trillium Flow Technologies, a portfolio business of First Reserve, is committed to assisting customers enthusiastically by offering performance-engineered products and services that aid in meeting the mission-critical demands of today's ever-changing environment. With our Gabbioneta, Floway, WEMCO1, WSP, and Roto-Jet Pump portfolios, Termomeccanica Pompe's products and services uniquely position Trillium to provide clients with a comprehensive choice of complementary pump products, technical support, and aftermarket services.
"The acquisition will create a much larger Italian engineered pump manufacturer by combining two strong legacy brands with a highly complementary product portfolio, installed base, and service capabilities. As a result, the joint entity will be best positioned to support our local and international customers more comprehensively and impactful."
-Paolo Macchi, Managing Director of Gabbioneta Pumps,
Edoardo Garibotti, Managing Director of Termomeccanica Pompe, declared: I fully support the project that brings together some of the best skills in the sector.
"Termomeccanica Pompe and Gabbioneta have incredibly talented people, highly engineered yet different offerings, and extensive manufacturing and testing capabilities. Bringing these businesses together will create significant value for our customers and other stakeholders. Further, joining these two businesses aligns perfectly with our M&A strategy and demonstrates our ongoing efforts and commitment to building a leading flow technology company that offers highly engineered products and provides extensive aftermarket support and solutions."
-David Paradis, CEO of Trillium Flow Technologies