Pump Precision Engineering

Pump precision engineering, a pump technology firm that began in a French town Township garage more than two decades ago, will be acquired by a precision engineering company in a deal worth more than $25 million.

ERI designs and develops energy recovery devices for the desalination industry. Pump precision engineering, makes energy-saving hydraulic turbochargers for pumps used in seawater desalination and brackish water purification plants.

Pump precision engineering’s turbine technology can be applied to new and substantially larger markets outside of the water treatment markets, such as natural gas and other high pressure fluid processes, the company said.

Pump precision engineering services had $9.3 million in revenue in 2008 and an operating margin of 10 percent. It expects to have $8 to $9 million of revenue in this year and $13 to $15 million in revenue in 2010.

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