Franklin Electric has agreed to acquire Australian underground mine dewatering specialist Challenge Pumps Holdings for US$181 million. The deal is reported on October 28, 2026.

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.

Franklin Electric has acquired Australia-based PumpEng Pty Ltd, a manufacturer of submersible pumps for the mining sector, as listed in a January to June 2025 review.

Franklin Electric has bought Australia-based PumpEng Pty Ltd, a manufacturer of submersible pumps targeted at the mining sector.

Franklin Electric has acquired PumpEng Pty Ltd, a Perth-based maker of submersible dewatering pumps for the mining sector. PumpEng has locations in Kalgoorlie, Townsville, Adelaide and Twin Falls, Idaho, and about 50 staff.

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.

Metso is acquiring Jindex Pty Ltd, a privately owned Australian maker of valves and process flow control equipment, to strengthen its slurry handling offering for the mining industry.

Metso has signed an agreement to acquire Jindex Pty Ltd, a Sydney-based private Australian valve and flow control company. The deal is expected to close in August 2024, and the transaction value was not disclosed.

Atlas Copco announced plans to acquire an Australian mining service business. The article provides no further details on the target, value or closing timeline.