Franklin Electric Co., Inc. (Franklin Electric) together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, consists of submersible motors, pumps, electronic controls and related parts and equipment. The Company�s business consists of two segments: the Water Systems segment and the Fueling Systems segment. The Company includes unallocated corporate expenses in another segment that together with Water Systems and Fueling Systems represent the Company. The Company�s products are sold in North America, Europe, the Middle East, South Africa, Brazil, Mexico, Australia, Japan, China, and other world markets. In August 2012, the Company completed the acquisition of Cerus Industrial Inc. In September 2013, the Company announced that its subsidiary Pioneer Pump Solutions Ltd., has completed the purchase of the assets of Performance Pump and Equipment Company Limited of Stowmarket, Suffolk, the United Kingdom.