# Vestum acquires Lakers Group pump and water services company

Vestum is acquiring Lakers Group, a Norwegian water and wastewater company focused on pump technology and aftermarket services with about 400 employees and NOK 1.2 billion in revenue. The deal is expected to lift Vestum's revenue and profit by about 50 percent.

- Type: Acquisition
- Announced: 2021-10-20
- Status: announced
- Products: pumps, pressure vessels, water treatment products, filters
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Lakers](https://endata.com/companies/3853.md) (target)
- [Vestum](https://endata.com/companies/8518.md) (acquirer)

## Sources

- [vvsforum.se](https://www.vvsforum.se/2021/10/vestum-koper-miljardforetag-och-vaxer-med-50-procent/), 2021-10-20: "Vestum köper Lakers Group, som omsätter cirka 1,2 miljarder norska kronor och har 400 anställda."
- [vvsforum.se](https://www.vvsforum.se/vestum-koper-miljardforetag-och-vaxer-med-50-procent/), 2021-10-20: "Vestum köper Lakers Group, som omsätter cirka 1,2 miljarder norska kronor och har 400 anställda."

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