2013-02-21 06:14:42 -

With the acquisition, Grundfos' products will get even closer to the Australian
customers.

Grundfos, the global leader in providing innovative, energy efficient pumps and
pumping solutions, today announced that they will acquire long term local
Australian partner, B.K.B. Pumps & Tanks Pty Ltd. The deal closure is expected
to be finalised by early April 2013.

The new business will merge the resources of B.K.B. Pumps and Tanks Pty Ltd with
Grundfos' Australian Commercial Building Services (CBS) team to create a new
entity with national reach and industry leading capabilities and resources. The
move will further strengthen Grundfos' position in the Australian commercial
buildings market.

The new entity will be called B.K.B. Building Solutions Pty Ltd (B.K.B.). B.K.B.
will  operate independently to Grundfos Pumps,  with its own Management Team and
Board  of   Directors. The two existing major shareholders of B.K.B. Pumps & Tanks
Pty  Ltd,  Mr  Bala  and  Mr  Jeya  Thuraisingam, will remain part of the B.K.B.
Management  Team as General  and Deputy General  Managers respectively, allowing
the company to benefit from their vast experience within the industry.

The  announcement  was  made  today  at  a  press  conference held at the B.K.B.
Headquarters  in Hallam,  Victoria, and  was attended  by senior representatives
from Grundfos.

Mr  Søren Ø.  Sørensen, Group  Executive Vice  President and  Member of Grundfos
Group  Management said,  "Australia is  an important  contributor to the overall
business  success of the Grundfos Group. It is a particularly strong contributor
to  the success we have seen  over the years in the  Asia Pacific Region, and we
expect  the acquisition  of B.K.B.  to further  strengthen our  local and global
growth.

 "This  new  initiative  provides  further  access  to  the  commercial building
services market, through both a sales and  service set-up, and more importantly,
provides added value to our Australian customers."

Mr  Steen Holm Jensen, General Manager of Grundfos Pumps Pty Ltd, has been newly
appointed  as Chairman of the Board  of Directors for B.K.B. Building Solutions.
He said, "Through this partnership, this new entity will strengthen our roads to
market  and  allow  us  to  accelerate  our  local  growth within the commercial
buildings industry."

Mr  Bala Thuraisingam, General Manager  of B.K.B. Building Solutions, commented,
"Despite commercial construction suffering some tough times in recent years, the
commercial  buildings sector is embracing  innovative green technologies. B.K.B.
Building  Solutions is fully committed to bringing the most innovative, greenest
and  energy efficient solutions  to our customers  in Australia - and Australian
manufactured  pump sets,  tanks and  controllers are  a major  plan for business
growth nationally into this market sector.

"With our strengthened linkage to Grundfos' leading R&D capabilities in the pump
systems  industry,  and  Grundfos'  financial  strength, we are convinced B.K.B.
Building Solutions, through a national organisation, will be a preferred partner
to the leading players in the industry."

About Grundfos
Grundfos  was  founded  in  1945 in  Bjerringbro,  Denmark  by the late Poul Due
Jensen.  Today the  Grundfos Group  is represented  by more than 80 companies in
more than 55 countries. In addition Grundfos products are sold in a large number
of  countries by local  distributors. The company  is predominantly owned by the
Poul  Due Jensen Foundation, which was established as an independent institution
in  1975. Today the Foundation  owns 86.7%, staff 2.0% and  the founder's family
11.3% of the shares in Grundfos Holding A/S.

About Grundfos Pumps Australia
Grundfos Pumps Pty Ltd was established in 1980, and for the past 30 years has
provided sustainable, innovative pumping solutions to customers throughout the
country, covering a range of applications. Grundfos Australia's Head Office is
located in Regency Park, South Australia, with Sales Offices across the country.
Grundfos Pumps Pty Ltd employs over 160 employees and has a turnover of
$130million.

About B.K.B. Pumps & Tanks
B.K.B. Pumps & Tanks was established in 1988 in Melbourne, Victoria. It is today
the pre-eminent designer, manufacturer, supplier and installer of packaged pump
and tank equipment to the fire, hydraulic and mechanical services industries in
South East Australia.

For further enquiries contact:
Frank B. Winther
Communication Manager, Grundfos
Mobile: +45 21 99 62 40
Email: fwinther@grundfos.com



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Source: Grundfos via Thomson Reuters ONE
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