MANN+HUMMEL group has just announced the completion of the takeover of helsa Functional Coating on September 21st, 2020. This business unit of the helsa group, founded in 1947, complements MANN+HUMMEL’s portfolio particularly in the area of elastomer and activated carbon technology for special industrial applications. No information concerning the purchase price has been disclosed.
“The takeover will enable MANN+HUMMEL to position itself as a technology leader in this growth market and further set the company up for the future. This is a further step towards achieving our vision ‘Leadership in filtration’”, explained Emese Weissenbacher, Executive Vice President and CFO. “The helsa Functional Coating division has a similar corporate culture since it belonged to a family business also with a long history. We are very much looking forward to working with our new colleagues.”
“For us, as a niche provider of intelligent premium solutions in molecular air filtration, the takeover holds great potential,” said Norbert Gregor, CEO of helsa Functional Coating and future Vice President & Managing Director Molecular Filtration at MANN+HUMMEL. “MANN+HUMMEL’s global infrastructure will enable us to accelerate our growth trajectory and step up our efforts in large-scale projects to reduce molecular emissions worldwide.”
Strengthening the workforce with highly qualified employees, particularly in the area of research and development, a broad product pallet and additional production capacity will help MANN+HUMMEL to increase its competitiveness and offer customers valuable additional benefits.
MANN+HUMMEL is a leading global expert in filtration. The Ludwigsburg-based group develops filtration solutions for vehicles, industrial applications, clean air in internal spaces in industry and the public sector, and the sustainable use of water. In 2019, over 22,000 employees at more than 80 locations worldwide generated a turnover of EUR 4.2 billion. Products include, amongst others, air filter systems, intake systems, liquid filter systems, technical plastic parts, filter media, cabin filters, industrial filters and membranes and modules for water filtration, sewage treatment and process applications.
You can find further information on MANN+HUMMEL at https://www.mann-hummel.com/