In the 2022 fiscal year, Ampco Pumps generated with a workforce of more than 130 employees revenue of approx. US$50 million and a high EBITDA margin. The transaction will increase the profitability margin of the “Process Technology” segment as well as the group margin of Krones. Current Ampco management will remain and will continue to hold 10% of the shares of Ampco. Krones has an option to buy the 10% of the shares in the future.
The acquisition of Ampco Pumps is a major step in expanding the components business of Krones Processing. With Ampco Pumps and Evoguard Valve Technology Krones has now a broad portfolio of all key components for the processing technology market. In addition, the businesses of the two companies complement each other perfectly in regional terms.