Ebara Corporation Announces Acquisition of Turkish Pump Manufacturer

22.12.2020
EBARA CORPORATION has signed a stock purchase agreement to acquire all outstanding shares of Çiğli Su Teknolojileri A.Ş., the parent company of Vansan Makina Sanayi ve Ticaret A.Ş., a Turkish pump manufacturer, and Vansan Makina Montaj ve Pazarlama A.Ş. (Vansan), with current shareholders.

According to its medium-term management plan "E-Plan 2022," the EBARA Group aims to expand sales in promising overseas regions and countries with growing populations and developing industries as part of its global strategy. With the acquisition of Vansan, a leading Turkish pump manufacturer, they will be able to improve the global supply chain by strengthening access to markets in Europe, Central Asia, the Middle East and Africa to further expand the standard pump business.

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Pumps Market Share to Exceed USD 92.91 Billion by 2028

22.07.2022 -

According to the statistic, in 2020, the global pumps market size was valued at USD 92.91 billion and is expected to grow at a CAGR of 3.2% from 2020 to 2028. Increase in investment in the oil and gas sector, technological advancement in the manufacturing of pumps and new product launches focusing on enhanced performance is expected to have a positive impact on the market.

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