Maag: Acquisition of Witte Pumps & Technology GmbH - New "Gear Pumps" Business Unit

Maag Pump Systems AG ("Maag”) announced today that it has acquired Witte Pumps & Technology GmbH ("Witte”). Founded in 1984 and based in Tornesch, Germany, Witte Pumps & Technology GmbH develops and manufactures gear pumps and provides aftermarket parts and services for the chemical, plastic and polymer processing, food and beverage, and pharmaceutical industries.

With the acquisition of Witte, Maag will establish a new integrated Gear Pumps business unit, which will be led by the Managing Director and former owner of Witte Pumps & Technology GmbH, Dr. Sven Wieczorek.

Maag has production sites in Switzerland, Germany, Italy, the USA and China, as well as service centers and sales offices in France, Taiwan, Malaysia, India, Thailand and Brazil. Witte Pumps & Technology GmbH manufactures in Germany and has sales offices and service centers in the USA and China.

Commenting on the acquisition, Maag President Ueli Thürig: "The acquisition of Witte represents a major step in making Maag the go-to partner for our customers' most critical and demanding gear pump needs. Maag's advanced and vertically integrated manufacturing capabilities will increase the availability and supply security of gear pumps to Witte's customers. Combining Witte and Maag's gear pump businesses into a new integrated business unit will amplify the attractiveness of our technological solutions and product offerings to our customers, and our worldwide footprint will allow us to better serve our global customer base."

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