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WPIL’s arm acquires UCP Australia business

29 Jun 2020 Evaluate

WPIL’s Australian subsidiary -- Sterling Pumps has acquired UCP Australia business as part of their business development. This acquisition strengthens company’s product offering and market reach in the highly engineered Oil & Gas (American Petroleum Institute) pumps segment with a focus on critical applications.

Further, the company sees strong operational synergies between Sterling and UCP which would be leveraged to increase the combined efficiency in areas of Engineering, Operations, supply chain etc. The combined entity would be an important part of the Australian engineered pump segment.

WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.

Peers
Company Name CMP
Kirloskar Brothers 1772.00
Elgi Equipments 602.95
Shakti Pumps (India) 466.85
KSB 817.95
Oswal Pumps 275.15
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