www.industry-asia-pacific.com
20
'20
Written on Modified on
Hengst SE
Hengst Filtration acquires the hydraulic filtration business of Bosch Rexroth AG
With this move Hengst sustainably extends its "Industrial Filtration" division
Hengst is about to acquire the hydraulic filtration business of Bosch Rexroth AG. This includes the site in Ketsch (Baden-Württemberg, Germany) with approximately 190 employees and the worldwide sales activities in more than 30 countries. In addition to the hydraulic filter know-how, more than 40 industrial property rights will also be transferred. Bosch Rexroth’s hydraulic filter business develops and produces complete filters and filter elements for industrial and mobile hydraulic applications.
With this additional acquisition Hengst Filtration is consistently continuing the growth and expansion of the "Industrial Filtration" division, which commenced with the take-over of Nordic Air Filtration (2016) and Delbag (2018).
The purchase agreement was signed on 07/16/2020. The transaction is subject to anti-trust approvals. Consequently, the transaction is expected to be finalized in early 2021. The parties have agreed not to disclose the amount of the purchase price.
Hengst Filtration is an internationally active, family-owned and operated business headquartered in Münster, Germany with more than 3,000 employees working at 20 locations around the world, and a leader in the field of filtration and fluid management. Hydraulic filtration solutions constitute an optimal supplementation of the existing portfolio. Hengst has been developing technologically demanding filtration solutions for more than 60 years, amongst others in the area of oil filtration, to guarantee long and safe runtime of engines and systems.
Bosch Rexroth AG is a leader in industrial and mobile hydraulics, as well as drive and control technology; since 2008 the enterprise has been active in the hydraulic filtration business.
About Bosch Rexroth
As one of the world’s leading suppliers of drive and control technologies, Bosch Rexroth ensures efficient, powerful and safe movement in machines and systems of any size. The company bundles global application experience in the market segments of Mobile Applications, Machinery Applications and Engineering, and Factory Automation. With its intelligent components, customized system solutions and services, Bosch Rexroth is creating the necessary environment for fully connected applications. Bosch Rexroth offers its customers hydraulics, electric drive and control technology, gear technology and linear motion and assembly technology, including software and interfaces to the Internet of Things. With locations in over 80 countries, roughly 31,000 associates generated sales revenue of roughly 6.2 billion euros in 2019.
To learn more, please visit www.boschrexroth.com
