FläktGroup has sold its DELBAG air filter business to Hengst SE
Lincoln International is pleased to announce that it has advised FläktGroup and its shareholder Triton on the sale of air filtration specialist DELBAG to family-owned Hengst.
FläktGroup, headquartered in Herne (Germany), is the European market leader for energy efficient air technology solutions for improved air comfort, safety and well-being. The group is the result of the merger of DencoHappel and Fläkt Woods in 2016. With a total staff of about 3,600 across 14 production sites and more than 50 offices worldwide, FläktGroup generated revenues of approximately Euro 700 million in 2017. The carve-out and sale of DELBAG provides FläktGroup with an opportunity to rearrange its portfolio in an effort to focus on addressing key customer needs in its core segments.
Established in 1909 under the name of “Deutsche Luftfilter-Baugesellschaft”, DELBAG is one of the oldest air filtration businesses and one of the most recognizable brands in this industry. DELBAG engineers, manufactures and markets air filters and air filtration systems for use predominately in commercial, industrial and non-residential applications, e.g. in areas such as facility climate control, industrial production processes and medical supply.
In addition to its Herne-based headquarters, DELBAG maintains a production site in the Czech Republic as well as subsidiaries in France, Austria and Poland. Employing a staff of nearly 150, the company generates annual sales of more than Euro 30 million.
Headquartered in Münster, Hengst is a filtration and fluid specialist renowned as leading development partner and OEM supplier for the international automotive and motor industry. In addition, Hengst’s products can also be found in a breadth of areas ranging from household vacuum cleaners to professional electric tools to modern robots. DELBAG’s comprehensive and innovative product portfolio complements the product range offered perfectly, explains Hengst’s CEO Christopher Heine: “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”.
The agreement for this transaction was signed in August 2018. The closing of the divestment process was completed on 31 October after successful legal implementation of the carve-out and fulfilment of customary closing conditions.
Lincoln International was mandated by Triton and FläktGroup as the exclusive M&A advisor in the structuring of a globally oriented tailored auction process, supporting and advising the sellers and management along all economic, financial and tactical aspects related to the sale process.
Meet our Senior Team
View More Transactions
Lincoln International advised Varsity Healthcare Partners on the sale of Angels of Care Pediatric Home Health to Nautic Partners
Lincoln International advised NB Aurora and other shareholders on the sale of Dierre Group to Alto Partners
Lincoln International advised Leonard Green & Partners on its acquisition of TenCate Grass from Crestview Partners
Lincoln International advised Cam Tran on its sale to Central Moloney Incorporated, a portfolio company of Wind Point Partners
Lincoln International advised Verium, founders and management on the sale of Quickmail and Quickpac's operations to Planzer
Lincoln International advised Consilium Private Equity and other shareholders on the sale of GMM Group to Biesse
Kept Companies, a portfolio company of ACON Investments, was recapitalized by DFW Capital Partners
Lincoln International advised Ciklum, a portfolio company of Recognize Partners, on acquiring Infogen Labs
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.