Kelair Pumps Australia, is strengthening its service offering with the acquisition of GT Water Technologies (GT Water) a family-owned company specialised in services around fire water tanks to the building and fire safety markets in the Melbourne area.
Established in 2012 and now with 11 employees, GT Water is young, fast-growing company based in Melbourne. GT Water is particularly strong in pump systems and assemblies with the main products being the storage tanks and systems for fire suppression, hydraulic systems for storm water, sewage and domestic hot water, as well as pump service and installation for industry.
“Although a young company, GT Water has quickly established its service business, demonstrated strong, profitable growth and has a proven record of taking market share,” says Ole Weiner, CEO, AxFlow Holding (a Swedish based fluids handling business, who owns the Brown Brothers Engineers Group, who in turn owns Kelair Pumps). “This is in line with AxFlow’s strategy of adding value through product selection, system design and construction, as well as local service.”
John Inkster Managing Director of Kelair Pumps also sees considerable potential in the acquisition. “This is an opportunity for Kelair to expand its footprint in the building and fire markets,” he says. “It also presents an opportunity for Kelair to bring fire water storage tanks into other regions.”
Aaron Monks, GT Water major shareholder had the following to say “I am really pleased to hand over the ownership to Kelair Pumps, and ultimately AxFlow. I was attracted to their long-term ownership view and strong values. With this sale, our company will have greater opportunities, and we can provide our employees, customers and suppliers a reliable partnership for many years to come.”