Overview

Aspen Pumps designs, manufactures and distributes specialised mini pumps that remove condensate water from air conditioning and refrigeration systems. It is the global leader for mini pumps and is renowned for having the most reliable, installer friendly and innovative products. Additionally, it sells a range of products for air conditioning installers and engineers.

During our ownership, Aspen built on its market leading position, further penetrating international markets in Europe, the Americas and Asia leading to a trebling of its international revenues. 

Highlights

• Implemented a successful buy and build strategy with six acquisitions in the UK, France, Germany and Australia
• Roll-out of a global sales force effectiveness initiative in 2016 which accelerated organic growth across key geographies and strengthened Aspen's market position
• An increased focus on innovation and new product development leading to many new product launches including a shift to digital sensing technology
• New ERP system successfully implemented to support the international expansion
• Significant investment in talent and the recruitment of a number of new senior roles

Regulatory information 
This transaction involved a recommendation of 3i Investments plc.