Expansion in the field of explosion protection
Hoerbiger acquires IEP Technologies
08.09.2015 – Effective September 1, 2015, Hoerbiger Group acquired the internationally renowned explosion protection specialist IEP Technologies from Sentinel Capital Partners. This acquisition will make Hoerbiger one of the world’s leading providers of sophisticated safety and explosion protection technology for a broad range of industrial plant engineering applications.
Safety and explosion protection are attractive growth markets with large potential which ideally complement Hoerbiger’s core business. Even today, the Group offers a wide range of safety-related products and services. IEP Technologies operates internationally and is a leading provider of explosion protection systems and services. The company is in particular market leader for explosion mitigation systems in process plants. An unrivaled global service network ensures that explosion protection equipment is always operational and effective.
Sentinel Capital Partners created the company through a complex carve-out of the industrial explosion protection businesses of UTC Climate, Controls Security, a unit of United Technologies Corp.. Under Sentinel’s ownership, IEP Technologies’ four legacy brands, each operating in its own geographic market, were combined to form a unified, global leader in the industrial explosion protection industry.
„The acquisition of IEP Technologies is an excellent investment for Hoerbiger to strategically strengthen our business model and expand our portfolio“, commented Dr. Martin Komischke, CEO and Chairman of the Executive Board of Hoerbiger Holding AG. „We feel that safety and explosion protection technology hold outstanding development potential. The innovative strength and knowledge of IEP Technologies will allow us to tap valuable synergies for our core business and core competencies. At the same time, we will strengthen our leading role as a developer and global provider of performance-defining, and increasingly safety-defining, components and services for the oil, gas, and process industries, the automotive industry, and mechanical and plant engineering field.“
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