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31.08.2015
IEP Technologies acquired by Hoerbiger
With effect from 1 September Hoerbiger Group headquartered in Zug, Switzerland, has purchased the internationally respected explosion protection specialist IEP Technologies, based in Marlborough, Massachusetts, USA, from Sentinel Capital Partners. This take-over 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. The parties agreed to keep the purchase price confidential. Hoerbiger is active throughout the world as a leading player in the fields of compression technology, drive technology and hydraulics. In 2014 its 7000 employees achieved sales of some 1.1 billion euros.
IEP Technologies operates internationally through locations in Marlborough in the US, Ratingen in Germany, Olten in Switzerland, Paris in France, Izmir in Turkey, and Cheltenham in the UK. Formed from four leading explosion protection companies (Graviner, Fenwal, Kidde and Incom), it is a leading provider of explosion protection systems and services. The company is in particular market leader for explosion mitigation systems in process plants. www.hoerbiger.com; www.ieptechnologies.com
Explosion suppressors from IEP Technologies fitted to dust extraction plant
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