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
I am enthusiastic about creating sustainable growth and the highest value for our clients, and strive to leave a positive footprint beyond any successful M&A transaction.
Managing Director | Management Board MemberFrankfurt
View More Transactions
Lincoln International advised The Beekman Group on the sale of GED Integrated Solutions to MSouth Equity Partners
Lincoln International advised Havencrest Capital Management on its majority investment in Tekton Research
Lincoln International advised Mutares on the sale of Special Melted Products to Cogne Accial Speciali, a subsidiary of Walsin Lihwa
Lincoln International advised Chequers Capital on its agreement to acquire Cheops from Indufin
Lincoln International advised Your Way Medicare on its sale to Accretive, a portfolio company of GTCR
Lincoln International advised Industrial Growth Partners on the sale of Des-Case Corporation to The Timken Company
Lincoln International advised e-Attestations on its sale of a minority stake to Keensight Capital
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.