Franklin Electric Buys Cat Pumps to Expand Flow Control Platform
FELE is trading near its 52-week low of $89.535 (12% above the low).
Summary
Franklin Electric is acquiring Cat Pumps, a maker of high-pressure pumps and systems, to broaden its commercial and industrial flow control offerings. The deal adds a complementary product line and expands the company's addressable market. No financial terms were disclosed, but the acquisition aligns with Franklin Electric's recent string of water treatment company purchases. The deal is expected to be accretive to adjusted EPS in 2027. The move strengthens its position in industrial applications and could support future revenue growth.
At the time of this announcement, FELE was trading at $99.99 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $89.54 to $115.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.