Key Takeaways
- • KKR has agreed to acquire IEP Technologies and Newson Gale, which together form the majority of HOERBIGER's Safety Business Unit, according to a Business Wire announcement.
- • IEP Technologies provides industrial explosion protection systems against combustible dust, vapors and sparks, serving food, chemicals, wood processing and energy; Newson Gale supplies static grounding and bonding solutions that prevent electrostatic ignition.
- • The deal is being made through KKR's Global Impact Strategy, which targets investments where financial performance and societal impact are aligned.
- • Financial terms were not disclosed, and the transaction is expected to close in the first quarter of 2027, subject to customary conditions including regulatory approvals.
- • HOERBIGER will retain its Engine & Generators segment, which will be integrated into its Compression Division, and says the divestiture lets it focus on core businesses.
Summary
KKR, the global investment firm, announced an agreement to acquire the Explosion Protection and Static Control segments from HOERBIGER, the Switzerland-headquartered diversified technology company. The transaction comprises IEP Technologies and Newson Gale, which together make up the majority of HOERBIGER's Safety Business Unit. The announcement was issued via Business Wire from New York and Zug, Switzerland. Financial terms were not disclosed.
IEP Technologies engineers systems that prevent or mitigate explosions caused by combustible dust, vapors and sparks across food, chemicals, wood processing and energy industries. Newson Gale provides static grounding and bonding solutions that guard against electrostatic ignition. According to KKR, the two businesses have an established global presence, and the firm sees significant opportunities to build on that foundation and support their next phase of growth. KKR is investing through its Global Impact Strategy and plans to support a broad-based employee ownership program giving all IEP and Newson Gale employees a chance to share in future growth.
Kyle Matter, Managing Director and Head of North America Global Impact at KKR, said the firm was impressed by the team's technical expertise and commitment to customers, and sees meaningful opportunities to invest in new capabilities and expansion after closing. Randy Davis, Head of HOERBIGER's Safety Business Unit, said the businesses will gain additional resources to strengthen their expertise. Thorsten Kahlert, CEO and Chairman of the Executive Board of HOERBIGER, described the deal as an important step in the evolution of the company's portfolio and said it will allow HOERBIGER to concentrate on its core businesses and future growth.
Following the transaction, HOERBIGER will retain its Engine & Generators segment, which makes explosion relief valves for engines and generators, and integrate it into its Compression Division. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and regulatory approvals. HOERBIGER, founded in 1895, employs more than 7,500 people at 150 locations in 40 countries and generates annual sales of about EUR 1.6 billion.
IEP Technologies engineers systems that prevent or mitigate explosions caused by combustible dust, vapors and sparks across food, chemicals, wood processing and energy industries. Newson Gale provides static grounding and bonding solutions that guard against electrostatic ignition. According to KKR, the two businesses have an established global presence, and the firm sees significant opportunities to build on that foundation and support their next phase of growth. KKR is investing through its Global Impact Strategy and plans to support a broad-based employee ownership program giving all IEP and Newson Gale employees a chance to share in future growth.
Kyle Matter, Managing Director and Head of North America Global Impact at KKR, said the firm was impressed by the team's technical expertise and commitment to customers, and sees meaningful opportunities to invest in new capabilities and expansion after closing. Randy Davis, Head of HOERBIGER's Safety Business Unit, said the businesses will gain additional resources to strengthen their expertise. Thorsten Kahlert, CEO and Chairman of the Executive Board of HOERBIGER, described the deal as an important step in the evolution of the company's portfolio and said it will allow HOERBIGER to concentrate on its core businesses and future growth.
Following the transaction, HOERBIGER will retain its Engine & Generators segment, which makes explosion relief valves for engines and generators, and integrate it into its Compression Division. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and regulatory approvals. HOERBIGER, founded in 1895, employs more than 7,500 people at 150 locations in 40 countries and generates annual sales of about EUR 1.6 billion.
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