KSB Acquires Itur

17.11.2003

The German based KSB group took over 80% shares of the Spanish pump manufacturer Bombas Itur, S.A.

Itur is a leading pump manufacturer in the field of building services and industrial equipment in Spain. The company employs 250 people and reports a turn-over of about EUR 300 million.

The intention of the acquisition is to improve the sales of KSB products in the Spanish market by using the Itur sales organization and to extend the global production network. The group expects significant growth for the fields industry, water and wastewater as well as service.

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