The Grundfos Group, headquartered in Denmark, has acquired Peerless Pump Company, including its Indianapolis, Ind., base and five other North American facilities. Peerless is a manufacturer of pumps and fire protection systems. With more than 400 employees and annual sales of $110 million, Peerless is Grundfos’ largest acquisition to date.    
    Carsten Bjerg, group president and CEO of Grundfos Group, said the company has been focusing on growth in Eastern Europe, Asia and the U.S. “The U.S. market has a significant growth potential and seen in that perspective the acquisition of Peerless is of great strategic importance to Grundfos. Combined with the continued expansion of our R&D facilities and production capacity in North America, this acquisition is crucial to strengthening our U.S. market position.”