ROSEMONT, IL - WILO USA is pleased to announce that it has received an equity investment of $61.6M USD from its parent company, Wilo SE, in a combined effort to increase visibility and drive growth in the United States marketplace.
“We are extremely excited to have the ongoing support of our colleagues at Wilo SE. These investments enable us to maximize our efforts, bring new innovation to our industry and expand our US organization” said Mark D’Agostino, President and CEO of Wilo USA, “This commitment to the Wilo USA family is a powerful message of long-term and sustainable growth.”
The US is the largest pump market in the Americas, the country’s demographics, economic and social parameters have resulted in the US market being identified as a targeted strategic growth area for the Wilo group. This investment will drive Wilo’s plans to expand its geographic footprint, and increase North American market share.
Based in Dortmund, Germany, WILO SE is one of the leading manufacturers of pumps and pump systems for heating, ventilation and air conditioning, water supply, sewage disposal and wastewater treatment. Since Louis Opländer founded the company in 1872, it has gone on to become a leading innovator in the field of highly efficient pumps and mixers. Wilo SE operates 60 production and sales companies worldwide and employs over 6,700 employees. In 2011, Wilo achieved global sales of 1.45B.