KSB Acquires Precision Pump and Machine

19.12.2003

Richmond, Virginia: KSB announced today that it has purchased Precision Pump and Machine, Inc., of Bakersfield, California. Terms of the acquisition were not disclosed.

Precision Pump’s product support and service capability strengthen KSB’s ability to support their customers on the West Coast of the USA.

“This acquisition is consistent with KSB America’s strategy to expand our service and support capability to meet the demands of our growing customer base.” said Ken Hill, President of KSB, Inc.

“The joining together of PPM and KSB will substantially enhance our ability to provide greater value for our customers. KSB’s excellent engineering, extensive R & D, innovative product designs, and reputation for reliability, coupled with our outstanding responsiveness to customers’ needs provides us with significant growth opportunities.” said Keith Morris, Executive Vice President of Precision Pump and Machine – KSB, Inc.

KSB, Inc., www.ksbusa.com (under construction) supplies advanced technology pump and related service products in the fluid control and management segment. KSB, Inc., is a wholly owned subsidiary of KSB America Corp., Richmond/Virginia.

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