The Grundfos Group, with headquarters in Denmark has acquired Peerless Pump Company, Indianapolis, IN. Peerless Pump Company manufactures pumps and fire protection systems at five U.S. locations.
With more than 400 employees and annual sales of $110 million, Peerless is Grundfos’ largest acquisition.
With the latest acquisition, Grundfos expects to double sales to $600 million over the next four years.