Münster, 08/23/2018 – Hengst Filtration, a globally operating specialist for cutting-edge filtration solutions has entered into a binding agreement with FläktGroup, the market leader in ventilation solutions, about Hengst's acquisition of the DELBAG corporation. The associated contract was signed in Frankfurt on August 22, 2018. Both parties agreed not to disclose any financial details of the deal.
Founded in 1909 under the name of "Deutsche Luftfilter-Baugesellschaft", the DELBAG corporation is one of the oldest air filtration businesses and one of the most recognizable brands in this industry. A member of the FläktGroup, DELBAG is headquartered in Herne (Westphalia). DELBAG employs a staff of nearly 150 in Germany, France, the Czech Republic, Poland, and Austria. In 2017, the company generated sales amounting to 30 million euros.
DELBAG engineers, manufactures and markets air filters and air filtration systems for use in commercial, industrial and residential applications. Held in high regard across such varied areas as facility climate control, industrial production processes and medical supply, the company's exhaustive product portfolio perfectly complements the product range offered by the Hengst Group. "To us, adding the high-efficiency filtrations solutions made by DELBAG is the logical next step in expanding our activities in the air filtration business", explains Christopher Heine, CEO of Hengst SE. "We are exhilarated that this acquisition lets us fortify the market position Hengst holds as the leading supplier of filtration solutions and welcome our new co-workers to the Hengst family with open arms".
FläktGroup CEO Dr. Walter Rohregger: "We are delighted to have reached an agreement with Hengst, where DELBAG will belong to a specialized air filtration company, renowned in the market for filtration solutions. At the same time, this undertaking provides FläktGroup with an opportunity to rearrange its portfolio in an effort to focus on addressing key customer needs in its core segments. Importantly, FläktGroup will continue to source filters from DELBAG, providing complete customer solutions."
FläktGroup is the European market leader for energy efficient air technology solutions, providing customers with the highest quality standards for improved air comfort, safety and well-being. Founded in October 2016, FläktGroup is the result of the merger of two renowned companies: DencoHappel and Fläkt Woods. Headquartered in Herne, Germany, the Group generated revenues of approximately EUR 700 million (pro forma) in 2017, and has about 3,600 employees. The combined 14 production sites and more than 50 representations in Europe, Russia, the Middle East, North America and South Korea, Singapore, and India guarantee customer proximity and high flexibility. The origins of the two companies - DencoHappel and Fläkt Woods - date back more than 100 years.
More information: www.flaktgroup.com