Allweiler plans extensive investments in the coming years at its Radolfzell site to modernise production and improve sustainability. The company is currently recruiting ten production workers to expand capacity.
Allweiler received a multi-year order from Damen, the Dutch shipyard that won the Bundeswehr tender, for complete pump packages for the Bundeswehr's new frigates.
Pump maker Allweiler announced investments of around €30 million at its Radolfzell site in Germany, aiming to secure the location amid ongoing restructuring.
Circor International agreed to buy Colfax's fluid handling pump business, which includes the Allweiler site in Radolfzell, Germany, for $855 million, of which $542 million is cash and the rest Circor shares. Colfax will hold 16% of Circor after closing, expected in Q4 2017.