# Franklin Electric to acquire Challenge Pumps for US$181 million

Franklin Electric agreed to acquire Challenge Pumps Holdings, a Perth-based maker of underground mine dewatering pumps, for about US$181 million in cash plus up to US$14 million contingent consideration.

- Type: Acquisition
- Announced: 2024-11-04
- Where: Perth, Western Australia, Australia
- Value: $181.0M
- Status: announced
- Products: high-head dewatering pumps, engineered pumping systems, aftermarket parts and services
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Franklin Electric](https://endata.com/companies/1787.md) (acquirer)
- [Challenge Pumps Holdings](https://endata.com/companies/12444.md) (target)

## Sources

- [pr.enewscourier.com](https://pr.enewscourier.com/article/Franklin-Electric-Enters-Into-Agreement-to-Acquire-Challenge-Pumps-Strengthening-Global-Mineral-Extraction-Dewatering-Platform/6ae134d2282cc2aea3184e7e), 2024-11-04: "Franklin Electric will acquire Challenge Pumps for approximately US$181 million (A$259 million) in cash, subject to customary purchase price adjustments."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.