Pump Manufacturer Expands to Middle East

Franklin Electric announced that it has completed two acquisitions in India.In the first, Franklin Electric has acquired 70 percent of the outstanding stock of Pluga Pumps and Motors Private Limited, based in a newly constructed facility in Vadodara, Gujarat, India. Pluga designs, manufactures, and distributes groundwater motor and pumping equipment through eleven branch offices located throughout India. In the fiscal year completed March 2014, Pluga revenues were approximately $13 million.The company purchased the 70 percent share with cash and is obligated to purchase the remaining 30 percent share in 2017.Secondly, Franklin Fueling Systems Inc. has acquired 65 percent of the