Press Release
January 7, 2016
HOERBIGER acquires Newson Gale
Zug / Nottingham, January 7, 2016 – Effective January 4, 2016
HOERBIGER Group headquartered in Zug, Switzerland, acquired
Newson Gale, Nottingham, United Kingdom. The privately owned
business, of which the majority of shares has been held by the
founder Ernest Kochmann and his family while a minority of shares
has been owned by its CEO, Graham Tyers, provides its customers a
broad range of solutions dedicated to disabling uncontrolled
discharge of static electricity and eliminating ignition sources in
potentially flammable and combustible atmospheres. The parties
agreed to keep the purchase price confidential.
Safety, explosion mitigation and prevention are attractive growth markets
with large potential. HOERBIGER already offers a wide range of safetyrelated products and services. For decades, the Group has been an
innovation and technology leader for explosion protection and check valves
to be used in oil, gas, carbon and dust applications as well as in the
mechanical and plant engineering industry.
Newson Gale owns an outstanding market position in the field of
electrostatic grounding for hazardous areas. The company has more than
30 years of experience in explosion prevention technology by providing its
customers a wide range of solutions dedicated to prevent ignition by
uncontrolled static electricity in hazardous areas wherever there are
flammable gases, liquid vapours or combustible dust atmospheres. Ranging
from loading of road tanker trucks to emptying hand held cans, Newson
Gale have a solution for virtually every explosion endangered process
capable of generating static electricity.
The acquisition of Newson Gale is an excellent investment for HOERBIGER
to strategically strengthen its business model built on performance-defining
components with outstanding and value creating technological features. As
leading market player, Newson Gale differentiates itself from competition by
being focused on its customers' applications and having a deep
understanding of the associated challenges imposed by electrostatic
loading.
With its application driven business model, Newson Gale has gained a
leading position in the United Kingdom. Within the recent years, the
company has also successfully ventured into North America. In addition, a
network of global distributors has been established. Due to such efforts,
Newson Gale has become the brand setting standard for elimination of
ignition hazards caused by static electricity.
"Safety and explosion prevention technology are attractive growth markets
which ideally complement HOERBIGER's core business and thus hold
HOERBIGER Holding AG
Corporate Communications
Baarerstr. 18
6304 Zug, Switzerland
Tel +41 41 560 75 79
ludwig.schoenefeld@hoerbiger.com
www.hoerbiger.com
attractive development potential", states Dr. Martin Komischke,
HOERBIGER Group CEO and Chairman of the Executive Board. "With
Newson Gale's reputation and know-how, we will strengthen our leading
role as developer and global provider of performance-defining safety related
components and services."
In September 2015, the HOERBIGER Group has already acquired IEP
Technologies, LLC, Marlborough, Massachusetts, USA, one of the world's
leading providers of sophisticated safety and explosion protection
technology for a broad range of industrial plant engineering applications.
The acquisition of IEP Technologies has created a platform for adding other
products and services contributing to a common mission of protecting
people and mitigating the hazards of explosions in industrial environments.
With the acquisition of Newson Gale, HOERBIGER Safety Solutions
becomes even more a leading player in safety and explosion mitigation.
"We have searched for a partner who will be committed to further develop
the success of Newson Gale", says Newson Gale CEO Graham Tyers.
"HOERBIGER is a buyer active in the industrial safety business with global
market access and providing a stable financial background. HOERBIGER´s
vision of building a large Safety Division precisely matched our
shareholder´s expectations for the future of Newson Gale."
About HOERBIGER
HOERBIGER is active throughout the world as a leading player in the fields
of compression technology, drive technology and hydraulics. In 2014, its
7,000 employees achieved sales of approximately 1.1 billion euros. The
HOERBIGER brand is synonymous with performance-defining components
in compressors, industrial engines and turbines, automobile transmissions,
and multifaceted mechanical engineering applications. Innovations in
attractive technological market niches are the basis for components,
systems and services that offer unique selling propositions and long-term
benefits for the customer. We set standards.
www.hoerbiger.com
Your contact
Ludwig Schoenefeld
HOERBIGER Holding AG
Corporate Communications
Baarerstr. 18
6304 Zug, Switzerland
Phone
+41 41 560 7579
ludwig.schoenefeld@hoerbiger.com