Dürr Closes Acquisition of Industrial Environmental Technology Business
Dürr has completed the previously announced acquisition of the industrial environmental technology business of Babcock & Wilcox.
The transaction, completed on October 5, adds two environmental technology specialists — Megtec and Universal — to Dürr, Bietigheim-Bissingen, Germany.
Clean Technology Systems (CTS), Dürr's environmental technology division, is growing significantly as a result of the acquisition. De Pere, Wis.-based Megtec adds technologies for air pollution control such as wet and dry electrostatic precipitators, fabric filters, and solvent-recovery systems along with industrial dryers and coating systems for lithium-ion-battery electrodes. Universal, a supplier of acoustic solutions, specializes in sound=attenuation systems and air filters and adds noise control as a new dimension to the CTS environmental business.
With this acquisition, Dürr expects to strengthen its business in Europe and North America to meet the demand for industrial environmental solutions in these regions. In addition, the innovative technologies and diverse product line of environmental equipment also create market potential in the emerging economies of China, India, South East Asia and South America, says the company.
Kenneth Zak, senior vice president of Dürr Megtec LLC, said, “Responsive service is critical for our customers. We now have broader geographic reach and a deeper resource base of trained field technicians to support our customers in locations around the world. Speed of response and the availability of spare parts – those are the things that help make certain our customer’s equipment is up and running all day, every day. We are moving closer to our customers – delivering the benefits of our combined service capabilities for them. Our vision is always to be ‘best in class’ when it comes to service.”