CIRCOR International, Inc, a portfolio company of KKR and a global supplier of flow control solutions for industrial and aerospace sectors, has entered into a definitive agreement to acquire Swelore Engineering Pvt Ltd and Hiro Nisha Systems Pvt Ltd — two established Indian manufacturers known for their high-performance pump technologies. Together, the companies bring over five decades of experience serving key industries including Chemicals, Water & Wastewater, and Oil & Gas.
The acquisition brings a range of diaphragm metering pumps, dosing systems, and high-pressure reciprocating pumps into CIRCOR’s Industrial segment. It also enhances the company’s presence in India’s growing industrial market, while providing a platform for broader international expansion through CIRCOR’s global operations.
The transaction is anticipated to close in the third or fourth quarter of 2025, pending standard regulatory approvals and closing conditions. “This acquisition is a major step in expanding our capabilities and presence in India, one of the fastest-growing industrial markets globally,” said Tony Najjar, President and CEO of CIRCOR International. “Swelore and Hiro Nisha bring deep expertise, strong customer relationships, and a commitment to quality that align perfectly with our values. We look forward to working together to create greater value for customers worldwide.”
Once the transaction is finalized, Swelore and Hiro Nisha will operate as part of Allweiler India, CIRCOR’s current pump business in the region. “This integration enhances our long-term strategy in India and extends our portfolio beyond our existing screw and centrifugal pump offerings,” noted Hiren Mistry, Senior Director and General Manager, India Pumps. “Together, we are positioned to deliver broader, more effective solutions for our clients.”
Chirantan Gajjar, Managing Director of Swelore Engineering Pvt Ltd, and Royal Gajjar, Managing Director of Hiro Nisha Systems Pvt Ltd, added: “Becoming part of CIRCOR represents an exciting new chapter for both our companies. Our focus on technical innovation, reliability, and customer satisfaction has helped us build a strong foundation, and joining a global leader like CIRCOR will allow us to accelerate growth and innovation.”
As part of the deal, all employees from Swelore and Hiro Nisha will be invited to participate in CIRCOR’s equity ownership program, which provides team members a stake in the company’s success.The current leadership teams of both Swelore and Hiro Nisha will remain in place, ensuring a smooth transition and ongoing business continuity. Deloitte Touche Tohmatsu India LLP served as the exclusive financial advisor to Swelore and Hiro Nisha for this transaction.
Founded in 1999, CIRCOR International, Inc designs and manufactures highly engineered flow control products and systems for customers in the Aerospace, Defense, and Industrial markets. Its broad product portfolio includes trusted brands such as Allweiler®, Houttuin™, Imo®, Hale Hamilton, Aerodyne Controls, RTK®, Schroedahl®, Tushaco®, Warren®, and Zenith®. CIRCOR serves over 14,000 customers across nearly 100 countries through direct channels and distribution partners. Headquartered in Burlington, Massachusetts, the company employs approximately 3,000 people worldwide.
