Franklin Electric enters into agreement to acquire Challenge Pumps
FELE•Franklin Electric agreed to acquire Challenge Pumps for $181 million in cash plus up to $14 million in contingent consideration. The deal is expected to be accretive to adjusted EPS in 2027.
1. Acquisition terms
Franklin Electric said the agreement to acquire Challenge Pumps is valued at $181 million in cash, plus up to $14 million in contingent consideration. The deal is expected to be accretive to adjusted EPS in 2027.
