Franklin Electric Agrees to Acquire Challenge Pumps
Franklin Electric entered into an agreement to acquire Challenge Pumps, strengthening its global mineral-extraction dewatering platform.
Story updates
11:33:47 PM UTC
SquawkNews
Franklin Electric acuerda comprar Challenge Pumps por unos USD 181 millones en efectivo Franklin
11:33:47 PM UTC
SquawkNews
Franklin Electric agrees to acquire Challenge Pumps for USD 181 million in cash Franklin Electri
11:33:54 PM UTC
SquawkNews
FRANKLIN ELECTRIC CO. - DEAL VALUED AT US$181 MLN CASH PLUS UP TO US$14 MLN CONTINGENT CONSIDERATION
11:34:12 PM UTC
SquawkNews
FRANKLIN ELECTRIC CO., INC.: DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN 2027
11:34:42 PM UTC
SquawkNews
Franklin Electric to Buy Challenge Pumps for About $181M, Contingent Consideration of Up to $14M >FELE
11:38:19 PM UTC
SquawkNews
Franklin Electric agreed to acquire Challenge Pumps for approximately $181M in cash, plus up to $14M contingent on future revenue. Challenge Pumps posted about $52M revenue and $18M EBITDA in FY2026. Closing is expected in 2026, subject to audit and customary conditions.Material DetailsContext by A…