WTR Group Acquires Pegel Group in Berlin and Establishes Presence in Germany
WTR Group is pleased to announce the acquisition of Pegel Group, consisting of Pegel Pumpenanlagen, Barnim, and Pumpe24. Together, the group represents a leading company offering a wide range of products and services in distribution and service of pump technology and water handling in Berlin. This acquisition is a significant step in WTR Group's expansion strategy, establishing WTR Group in Germany and the broader Northern European market.
Khashayar Nikavar, CEO of WTR Group, commented: "We are very excited about the partnership with Pegel Group, which is a significant addition to our business. Pegel Group is a strong player in distribution and service of water handling solutions, particularly in the Berlin area, and we look forward to working together to broaden our offering and provide high-quality solutions and products to customers across Northern Europe. The partnership also marks an important step for WTR Group as we establish ourselves in Germany, a market where we see great growth potential in the future."
Matthias Braun, CEO of Pegel Group, adds: "We are very enthusiastic about becoming part of WTR Group. Through this partnership, we can leverage their extensive network and resources, allowing us to further develop and expand our business.We see great growth potential in Germany alongside WTR Group and look forward to our joint development.
