Circor International Inc has signed a definitive agreement to acquire Indian pump manufacturers Swelore Engineering Pvt Ltd and Hiro Nisha Systems Pvt Ltd.
The two Indian pump companies have a combined legacy of over 50 years serving critical applications across chemical, water/wastewater, and oil & gas markets.
With the acquisition, Circor, which is a KKR portfolio company, adds a complementary product line of diaphragm metering pumps, dosing packages, and high-pressure reciprocating pumps to its Industrial portfolio. The deal also strengthens the company’s footprint in the high-growth Indian market while unlocking global growth potential through integration into Circor’s worldwide commercial and operational platform.
“The acquisition of Swelore and Hiro Nisha is a strategic milestone that strengthens our Industrial business, expands our offering, and enhances our presence in one of the world’s most dynamic markets,” said Tony Najjar, president and CEO of Circor International. “We are thrilled to welcome a talented team that shares our customer-first mindset and drive for innovation. Together, we will deliver even greater value to our customers in India and around the globe.”
Swelore and Hiro Nisha will become part of Allweiler India, Circor’s existing pumps business in the country. “The integration strengthens Circor’s long-term commitment to India and broadens its offering beyond screw and centrifugal pumps. The combined teams will work together to deliver expanded customer solutions,” said Hiren Mistry, senior director & GM, India Pumps.
“Joining Circor marks a proud moment for our businesses and our teams,” said Chirantan Gajjar, managing director of Swelore Engineering, and Royal Gajjar, managing director of Hiro Nisha Systems. “We’ve built our reputations on technical excellence, reliability, and long-standing customer partnerships. Circor shares these values, and we are excited to be part of a global platform that will help us grow and innovate even further.”
When the acquisition is completed, Swelore and Hiro Nisha employees will join Circor’s broad-based ownership program, which provides all employees with the opportunity to participate in the benefits of equity ownership. Circor’s pump portfolio includes Allweiler, Houttuin, Imo, Tushaco, Warren and Zenith.
