NEW jobs could be set for the borough after a Wigan company was snapped up by a global firm in a multi-million pound deal.
Specialist equipment hire business Performance Pump and Equipment has been sold for £1.5m to American-based industry leaders Franklin Electric.
The deal has been heralded as a “great opportunity” for the Hindley Green-based
outfit that currently employs 18 staff on their Leigh Road base.
Managing director David Berry said: “We’re delighted that as a UK-based entity we now have the backing of a global supplier.
“The business has been bought in order to expand
their equipment and depot network across the United Kingdom.
“Our staff will be kept on and the deal could lead to further expansion and more roles in the future.
“The acquisition deal will allow the business to accelerate our existing expansion plans, it’s great news.”
Performance Pump and Equipment also operates
depots in Somerset and Hampshire and has been based in Wigan for over 12
Franklin Electric subsidiary Pioneer Pump Solutions (PPS) has fronted the deal, stating the acquisition of the Hindley firm would “enhance its operations in the UK by providing additional assets, customer relationships and market knowledge.”
Chairman Dennis Mitchell said: “The addition of Performance Pump gives us a broader geographical base to service the needs of our customers.
“We look forward to helping customers throughout the UK achieve the cost savings and reduced carbon emissions that our products provide.
“PPS is committed to providing around the clock pump hire and support to our growing list of customers in the UK.”
The company hires out, services and repairs industrial pumping solutions across a host of industries from construction to water utilities and waste and landfill services.
Mr Berry, who will now become general manager working under the Pioneer banner, said: “This is a great opportunity for all of us and it’s nice to succesd in Wigan because we’re not the only strong business in the borough.
“Not only could the deal lead to new jobs, it means our current staff will have opportunity to advance their careers.”