# Franklin Electric to acquire Challenge Pumps for $181M

Franklin Electric has entered a definitive agreement to acquire Challenge Pumps Holdings, a Perth-based maker of underground mine dewatering solutions, for $181 million. The article header gives the date as 29 October 2026, which is later than the article's listing date.

- Type: Acquisition
- Announced: 2026-08-15
- Where: Perth, Australia
- Value: $181.0M
- Status: announced
- Products: mine dewatering pumps
- 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

- [pumpindustry.com](http://pumpindustry.com/category/acquisitions-mergers-corporate-news/), 2026-08-15: "Franklin Electric Co., Inc. has entered into a definitive agreement to acquire Challenge Pumps Holdings Pty Ltd."

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