New Majority Shareholder in DESMI

30.06.2022
DESMI announced it has signed a definitive agreement to sell a majority share to One Equity Partners (“OEP”), a middle market private equity firm. Terms of the transaction were not disclosed.
New Majority Shareholder in DESMI

DESMI Sold to One Equity Partners. (Image source: DESMI A/S)

Founded in 1834 and headquartered in Nørresundby, Denmark, DESMI provides pumping solutions to end-markets including marine and offshore, industrial, utility, and defense and fuel. The company also provides environmental solutions for oil spill response, seaweed collection and cleaning waterways. DESMI has global operations across 20 countries in Europe, Asia, the Middle East, North America, and Africa and employs nearly 1,000 people. DESMI’s pumps and systems are sold to more than 150 countries through a network of subsidiaries and distributors across six continents.

“We look forward to a strong partnership with CEO Henrik Sørensen and his management team,” said Johann-Melchior von Peter, Senior Managing Director at OEP. “We plan to utilize OEP’s deep industrial sector expertise to help DESMI accelerate its growth trajectory and further diversify its end-markets to strengthen the business.”

“It was high on our agenda to find a new owner who wants to continue our growth strategy within flow technology and extend DESMI’s brand. OEP wants exactly that, and I am pleased to welcome them as a new majority shareholder of our great company,” says Sørensen. “After nearly 190 years of operations, we look forward to entering our next stage of growth with the support of our new partner. OEP is a firm that shares our vision for the evolution of DESMI and has a long-standing track record for building market-leading industrial companies.”

“We see significant potential to leverage DESMI’s global infrastructure and comprehensive value chain to consolidate a fragmented industry and enter new, attractive product segments,” said Marc Lindhorst, Principal at OEP.

The acquisition is expected to be completed in the second half of 2022 and is subject to regulatory approvals and customary closing conditions.

Source: DESMI A/S

More articles on this topic

Selecting the best pump for CCS applications

19.01.2023 -

Pumps play an important role in Carbon Capture and Storage (CCS), and selecting the most effective pump is the key to achieving low operating costs, cut CO2 emissions, and limit the global temperature increase. For nearly three decades, the UN has brought together almost every country on earth for global climate summits.

Read more

Samotics Brings Data Analytics to the Edge

29.11.2022 -

Samotics is starting the roll out of edge analytics for remote and offshore customers. By performing analytics on the edge, Samotics’ SAM4 Health solution benefits from reduced bandwidth requirements to process and transfer data, which makes it easily accessible in remote and offshore locations.

Read more

Humphrey Lau named as CEO of DESMI

22.11.2022 -

After more than 26 years as DESMI CEO, Henrik Sørensen has made the personal decision to step back and hand over the responsibility for the daily operation and further strategic development of DESMI to Humphrey Lau who will become CEO effective, December 1, 2022.

Read more