PLYMOUTH, MN — Nilfisk (formerly Nilfisk-Advance) recently completed acquisition of high pressure washer manufacturer Pressure-Pro Inc., according to a press release.
With 2014 revenues of more than $40 million and a nationwide distributor and dealer network, Ft. Pierce, Florida-based Pressure-Pro’s addition to Nilfisk is no doubt a boon.
Nilfisk plans a synergistic combination of Pressure-Pro with Hydro Tek hot water solutions, acquired in November 2015 — a plan which is expected to greatly strengthen Nilfisk’s market position, as well as provide benefits for both new subsidiaries’ existing customers.
“Our Accelerate strategy contains several levers to ensure growth, one being to continuously look for opportunities to acquire leading manufacturers with solid market access” Nilfisk President and CEO Jonas Persson said in the release. “Uniting the Pressure-Pro and Hydro Tek acquisitions with Nilfisk’s product range and market reach will establish a strong position for Nilfisk in the high-pressure washer market, both in the US and throughout the Americas.”
The current owners of Pressure-Pro, which manufactures both cold and hot water high pressure washers, will stay on to aid in the transition.
Click here to read the original release.