LONDON (Jan. 31, 2017)—Pentair plc announced that it has completed the acquisition of Union Engineering A/S, headquartered in Fredericia, Denmark. Union Engineering specializes in sustainable technologies for capturing, recovering and purification of carbon dioxide.
As an established leader in carbon dioxide management and recovery with its Haffmans brand, Union Engineering's technologies and service capabilities will reinforce and expand Pentair's offerings within the industrial gas, food and beverage, and biogas upgrading sectors, according to a statement from Pentair.
“Pentair is committed to providing innovative solutions that help build a safer, more sustainable world,” said Daniel Stirpe, Pentair Vice President, Process Technologies. “Reducing carbon dioxide emissions and utilizing renewable energy sources are global challenges which Pentair addresses with its carbon dioxide capture and reuse and biogas upgrading solutions, and the addition of Union Engineering's solutions and services will provide customers greater access to innovative solutions and a wider and complimentary product portfolio.”
Jens Thøger Hansen, partner in Capidea and former chairman of Union Engineering added: “We are pleased to have reached an agreement with Pentair as the two companies complement each other well in a number of areas. We believe that Union Engineering, under Pentair, will continue the positive development and have an even stronger foundation in the market for carbon dioxide equipment for the benefit of both customers and employees going forward.”
Union Engineering employs about 185 people, and has sales offices in China, Brazil and the U.S. The seller is the Danish private equity fund Capidea and a number of minority shareholders. The partly owned subsidiary Airco Diet A/S is not part of the transaction and is still owned by Capidea and a number of minority shareholders.