Hengst Acquiring Bosch Rexroth Hydraulic Filtration Business
17 July 2020
Hengst said it will acquire the hydraulic filtration business of Bosch Rexroth AG as part of the company’s planned expansion of its industrial filtration business.
The acquisition includes the Bosh Rexroth site in Ketsch (Baden-Württemberg, Germany) with approximately 190 employees and worldwide sales activities in more than 30 countries. In addition to the hydraulic filter know-how, more than 40 industrial property rights will also be transferred. Bosch Rexroth’s hydraulic filter business develops and produces complete filters and filter elements for industrial and mobile hydraulic applications.
The latest acquisition Hengst Filtration follows others in the company’s industrial filtration division, including the take-over of Nordic Air Filtration (2016) and Delbag (2018).
The purchase agreement was signed on July 16. The transaction is subject to anti-trust approvals. Consequently, the transaction is expected to be finalized in early 2021. The parties have agreed not to disclose the amount of the purchase price.
Hengst Filtration is an internationally active, family-owned and operated business headquartered in Münster, Germany, with more than 3000 employees working at 20 locations around the world, and a leader in the field of filtration and fluid management. Hydraulic filtration solutions constitute an optimal supplementation of the existing portfolio. Hengst has been developing technologically demanding filtration solutions for more than 60 years, amongst others in the area of oil filtration, to guarantee long and safe runtime of engines and systems.
Bosch Rexroth AG is a leader in industrial and mobile hydraulics, as well as drive and control technology; since 2008 the enterprise has been active in the hydraulic filtration business.