BURLINGTON: CIRCOR International, Inc., a global manufacturer of flow control products and a KKR portfolio company, announced today that it has signed a definitive agreement to acquire Swelore Engineering Pvt. Ltd. and Hiro Nisha Systems Pvt. Ltd., two prominent Indian pump manufacturers.
The acquisition aims to expand CIRCOR’s industrial product portfolio and strengthen its presence in the high-growth Indian market.
Swelore and Hiro Nisha, with a combined legacy of more than 50 years, specialize in providing pump solutions for critical applications in the Chemical, Water/Wastewater, and Oil & Gas sectors. The acquisition will add complementary product lines, including diaphragm metering pumps, dosing packages, and high-pressure reciprocating pumps, to CIRCOR’s existing industrial offerings.
“The acquisition of Swelore and Hiro Nisha is a strategic milestone that strengthens our Industrial business, expands our offering, and enhances our presence in one of the world’s most dynamic markets,” said Tony Najjar, President and CEO of CIRCOR International. “We are thrilled to welcome a talented team that shares our customer-first mindset and drive for innovation.”
Upon closing, Swelore and Hiro Nisha will be integrated into Allweiler India, CIRCOR’s current pumps business in the country. The move is expected to broaden CIRCOR’s product range in India beyond its existing screw and centrifugal pumps. Hiren Mistry, Senior Director & GM, India Pumps, said the integration “strengthens CIRCOR’s long-term commitment to India and broadens its offering.”
Chirantan Gajjar and Royal Gajjar, Managing Directors of Swelore and Hiro Nisha, respectively, will remain with the business to support the integration and future growth. They stated that joining CIRCOR “marks a proud moment for our businesses and our teams,” highlighting shared values of technical excellence and customer partnerships.
Following the completion of the acquisition, Swelore and Hiro Nisha employees will join CIRCOR’s broad-based ownership program, which provides employees with the opportunity to participate in equity ownership.
The transaction is expected to close in the third or fourth quarter of 2025, pending customary closing conditions. Deloitte Touche Tohmatsu India LLP served as the exclusive M&A advisor to Swelore and Hiro Nisha.