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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 completed its acquisition of Minneapolis-based high-pressure pump maker Cat Pumps for $350 million in cash, plus a potential earnout of up to $50 million in Franklin stock. The deal was announced on September 8, 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 officially opened its new production facility in Torbalı, İzmir, Türkiye, built on a 14,600 m² site through a €5 million investment. The plant is expected to increase production capacity and strengthen regional logistics.
Pioneer Pump and the wider Franklin Electric Group announced on Monday, February 9, 2026 that they had completed the acquisition of Geoquip Water Solutions and Hydrodif Products to expand their UK water market presence. The deal aligns product portfolios, operations and technical expertise.
Pioneer Pump, a division of Franklin Electric, has acquired Ipswich water treatment firm Geoquip Water Solutions and fittings maker Hydrodif Products for an undisclosed sum. The deal was completed on December 17 and the 17 employees of the two firms joined the new owners.
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.
Franklin Electric's subsidiary Headwater Companies acquired substantially all assets of LCA Pump, LLC, which operates Water Works Pump, a groundwater distributor in Springfield, MO. It will operate as a branch of Headwater Wholesale.
Franklin Electric has acquired all product lines, assets and a manufacturing facility in Rossville, Tennessee from submersible pump maker CPS Pumps. The products will be sold under the FPS brand through Franklin's existing distribution channels.
Franklin Electric acquired the product lines, assets and manufacturing process of CPS Pumps, LLC in Rossville, Tennessee for $6.3 million, with the Rossville employees joining Franklin Electric. The business will be integrated into its Global Water unit.
Franklin Electric added Milan Supply Co, a Michigan-based groundwater distributor, to its Headwater business in a US$5.9 million deal in Q1 2019.
Franklin Electric acquired Industrias Rotor Pump SA, an Argentinian maker and distributor of water pumping equipment, in Q3 2018.
Franklin Electric acquired Industrias Rotor Pump S.A., a Buenos Aires importer and maker of water pumping equipment that had about $21 million in sales in fiscal 2017. Results will be reported in the Water Systems segment from Q3 2018.
Franklin Electric is acquiring controlling interests in three US professional groundwater distributors: 2M Co, Western Hydro Holding and Drillers Service Inc. The deal is valued at approximately US$89 million including assumed debt.
