KKR to Acquire Explosion Protection and Static Control Segments from HOERBIGER
Private equity firm KKR has reached an agreement to acquire the Explosion Protection and Static Control segments from Swiss-based technology company HOERBIGER. The transaction includes the majority of HOERBIGER’s Safety Business Unit, specifically encompassing IEP Technologies and Newson. The acquisition allows KKR to expand its industrial portfolio through specialized safety technologies used in hazardous environments. For HOERBIGER, the divestment represents a strategic shift within its business units, while KKR gains control over established market players in the explosion protection sector.
Tickers: $KKR
Topics: Business Acquisition Industrial Technology Private Equity