Down2Earth and Vectis to support the growth of Water Is Life Group
23 December 2022
Water Is Life Group (WILG) is a European group, headquartered in Pelt, active in production,
distribution and sales of pump- and irrigation systems and piping solutions for infrastructure
projects. In recent years the group has grown rapidly, amongst others by acquiring several other
companies in the sector. Down2Earth Capital II (D2E) and Vectis Private Equity IV are acquiring a
stake in the company to further support this growth. Management remains on board and reinvests
in the group as well.
The story of WILG began in 1988 in Achel when Reinier Teunissen founded Watertechniek Teunissen,
a wholesaler in water pumps and related supplies. Throughout the years Watertechniek Teunissen has
grown organically, with two locations today, while other activities were developed. The distribution
activities of MPI and Aubia were acquired, and the group became an important European importer of
Asian pump manufacturer Leo Pumps. Since the acquisition of Well Pumps last year, the group also
develops and produces its own submersible pumps. In 2022, the internationalisation was accelerated
with the acquisition of Orlando, an international distributor, in Italy and Motix, a specialist in piping
systems, in the Netherlands. Today the group counts 10 operating companies and will realize a
turnover of almost 50M€ this year.
Founder Reinier Teunissen sees a bright future: “In general, water management will become more
important because of increasing periods of draught, alternated with periods of heavy rainfall. The
further professionalisation of agriculture and horticulture will also boost demand for advanced
irrigation systems.” He adds: “For two years we’ve also been active in the geothermal sector. This
technology is still in its early days, but it will rapidly gain importance when people look for more
efficient ways to heat their houses and buildings.”
Over the past decennia the company has established a strong reputation in Limburg and far beyond.
“We differentiate ourselves from other players in the market not only by our extensive assortment of
products, but also by providing our clients with tailormade advice”, explains Raf Corten, CEO. The
company is now fully ready to continue its expansion internationally. After the recent acquisitions of
Orlando and Motix, other potential acquisition targets have been approached. “We’re very happy to
take on board Down2Earth and Vectis as they can offer strong support to realize our ambitious plans”,
says Reinier Teunissen.
“From the first time we met, we have been impressed by the vision and entrepreneurship of Reinier.
We are incredibly looking forward to working together” says Ivo Marechal from Down2Earth. “We
were already following the company for a while and we witnessed its spectacular trajectory. We are
100% ready to write the next chapter of the company together with Reinier, Raf and their team” says
Stefaan Vanquaethem of Vectis.