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FOR IMMEDIATE RELEASE
Woburn, MA, USA – November 26, 2014
A.W. Chesterton Company today announced its acquisition of
Spångs ProcessTeknik AB, Sweden— an expert provider of rotating equipment upgrades and refurbishment services with an emphasis on reliability, energy efficiency, and the environment. The acquisition will significantly strengthen Chesterton’s commitment to be recognized as the best partner in providing knowledge backed programs, hands-on service and support, and high performance products to help industrial process industry customers improve business performance and competitiveness, while helping them increase reliability, efficiency, and compliance.
Based in Tullinge, Stockholm (Sweden), Spångs has been providing upgrade and refurbishment services for rotating equipment since 1997 and has developed specific expertise relating to reliability improvements and increased energy efficiency across multiple process industries. Under the leadership of Tommy Spång and in conjunction with Chesterton, the company developed the “Total System Solution," focusing on overall Asset Function Improvement projects.
“The acquisition of Spångs is a significant stepping stone in growing Chesterton’s knowledge based service offering centered on global issues relating to energy efficiency, emissions abatement, and natural resource usage reduction. The knowledge and capabilities developed at Spångs will be added to our existing portfolioof knowledge backed global services and will help Chesterton continue to provide the high level support customers appreciate from Chesterton” said Brian O’Donnell, President and CEO, Chesterton.
"The addition of Spångs to Chesterton’s European organization will enhance support for our distribution network as well as provide us with an entry into the emerging Pump Efficiency market. The knowledge and capabilities developed by Tommy Spångs and his team give Chesterton the tools required to take a leading position in this emerging and regulation driven market” said Didier Thalinger, Vice President & Managing Director for EMEA.
Spångs will continue to provide services to its existing customers while expanding its energy efficiency services to Chesterton’s customer base in the EMEA.
A.W. Chesterton Company operates in over 100 countries around the world and is recognized as a leading international provider of knowledge-backed solutions, customized programs, and hands on expert service for Rotary, Stationary, and Fluid Power equipment platforms; supported by a comprehensive line of industrial fluid sealing systems, high performance protective coatings, and specialty industrial lubrication.