ROSEMONT, Ill. (June 14, 2012) – WILO USA announced that it has received an equity investment of $61.6 million from its parent company, WILO SE, in a combined effort to increase visibility and drive growth in the U.S. marketplace.
“We are extremely excited to have the ongoing support of our colleagues at WILO SE. These investments enable us to maximize our efforts, bring new innovation to our industry and expand our U.S. organization” said Mark D’Agostino, President and CEO of WILO USA, “This commitment to the WILO USA family is a powerful message of long-term and sustainable growth.”
The U.S. is the largest pump market in the Americas, the country’s demographics, economic and social parameters have resulted in the U.S. market being identified as a targeted strategic growth area for the WILO group. This investment will drive WILO’s plans to expand its geographic footprint, and increase North American market share.
Based in Dortmund, Germany, WILO SE is a manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply, sewage disposal and wastewater treatment.