# ENPAR to acquire Pumptronics for $3M

ENPAR Technologies Inc. has entered into a binding letter of intent to acquire 100% of Pumptronics, an integrated pump station manufacturer, for a transaction value of US$3 million, comprising US$1.2 million cash and 12 million common shares. The acquisition was announced on October 12, 2017.

- Type: Acquisition
- Announced: 2017-10-12
- Where: Ontario, Canada, Canada
- Value: $3.00M
- Status: announced
- Products: integrated pump stations
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Pumptronics](https://endata.com/companies/2662.md) (target)
- [ENPAR Technologies Inc.](https://endata.com/companies/27735.md) (acquirer)

## Sources

- [worldfertilizer.com](https://www.worldfertilizer.com/product-news/12102017/enpar-to-acquire-pumptronics/), 2017-10-12: "We are pleased to announce this proposed acquisition, which is fully aligned with our growth strategy of coupling a strong baseline revenue stream with significant growth potential."

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