(Alliance News) - Interpump Group Spa announced Monday that it has acquired, through its British subsidiary Interpump Hydraulics Ltd, 100 percent of the capital of Alltube Engineering Ltd, which operates in the pipe and fittings sector.

The company, founded in 1986, specializes in the processing of rigid and flexible pipes, offering services including bending, welding, brazing, circular rolling, pipe forming, washing, pressure testing, and end forming.

The total price of the transaction was EUR2.3 million.

Fulvio Montipò, president of Interpump Group, pointed out that "after the Chinese operation in the Food area, a similar step for the pipe sector in the UK: the process of strengthening the group's presence network continues, with the extension of the product range in this important European region."

By Claudia Cavaliere, Alliance News reporter

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