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For Release 9:00 a.m. EST
March 1, 2008:


Peerless Pump Company Acquires Flometrico

Acquisition of Longtime Partner Will Accelerate Growth Initiatives

Indianapolis, IN - March 1, 2008 - Peerless Pump Company today announced that it has acquired Flometrico of Burlington, Ontario. Peerless' successful relationship with Flometrico dates back more than 50-years and two generations. "The Flometrico acquisition will give Peerless a base of operation that will allow us to achieve our growth objectives in the region and throughout the country," said Tim Ballengee, Peerless' General Manager for Canada. "A combination of great location and Flometrico's superb reputation and expertise, will allow us to make this a service, technical support and stocking hub for the entire Canadian market" Ballengee added. Percy Harcourt, the former owner of Flometrico has agreed to stay and assist Peerless with the orderly transition of the business and to assist with the development of the aggressive growth plans for Canada. Other key members of the Flometrico team have also agreed to join the Peerless team.

A member of the Grundfos Group, Peerless is a global leader in fluid handling systems and serves a variety of segments including municipal, industrial and fire protection markets.

Peerless Pump Company is a global leader in fluid handling systems. With corporate offices in Indianapolis, Indiana, Peerless has facilities throughout North America and the world. In business for more than 80-years, Peerless Pump Co. serves many markets including fire protection, municipal, commercial, and agriculture markets. More information about Peerless products can be viewed at the company website at www.peerlesspump.com.

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For more information, press only: (Fred Bock, Marketing Manager), (317-924-7347), (fbock@grundfos.com).

For more information on Peerless Pump Co.: http://www.peerlesspump.com





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