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Filtration Industry Analyst August 2020
M&A REVIEW
Filtration Mergers & Acquisitions Review: Q2 2020
While the coronavirus pandemic slowed M&A activity con-
siderably, a number of filtration-
related deals were still announced or 
completed during the second quarter 
of 2020.
• Camfil Svenska AB acquired Swedish 
air filtration solutions producer Resema 
AB (see Filtration Industry Analyst, April 
2020). Resema has production facilities 
in Tranås and Aneby, and sales offices in 
Stockholm and Malmö, along with a sister 
company in Denmark. The family-owned 
company, which was established in 1969 
by Rune Sellö, has around 65 employees 
and SEK100 million in annual turnover. 
Earlier this year, Camfil strengthened its 
position in the Australian air filtration 
market with the acquisition of Melbourne-
headquartered Airepure Australia (see 
Filtration Industry Analyst, March 2020).
 www.camfil.com and www.resema.se 
• Filtration Group expanded its membrane 
offering with the acquisition of Oxyphen, 
a Swiss manufacturer of microporous 
track-etched membranes (see Filtration 
Industry Analyst, May 2020). Track-etched 
membrane is a high-precision manufactured 
film used in critical applications for life 
science, automotive, industrial and consumer 
markets. Oxyphen’s track-etched membrane 
solutions complement the porous product 
offering and manufacturing capability 
within Filtration Group’s Porex business. 
Headquartered in Wetzikon, Switzerland, 
Oxyphen has more than 60 employees across 
two facilities in Europe. The Filtration Group 
portfolio already includes AG Industries, Air 
Flow Technology, Air System Products, 
Chemco, Clear Edge, Dafco, Facet, FG 
Clean Wipes, FG Fluid Solutions, Filtrair, 
Filtran, Filtration Group HVAC, Filtration 
Group Process Systems, Global Filter, Jonell 
Systems, Kaydon Filtration, Multisorb, PCI 
Membranes, Porex, Process Technologies, 
Purafil, Universal Air Filter, Waco and 
Zinga.
 www.filtrationgroup.com and 
www.oxyphen.com
• Sartorius completed its US$825 million 
acquisition of selected life science businesses 
of Danaher Corp (see Filtration Industry 
Analyst, May 2020). The businesses 
acquired by Sartorius generated revenue 
of approximately US$170 million in 
2019 and cover label-free biomolecular 
characterisation, chromatography hardware 
and resins, and microcarriers. They include 
stainless steel hollow fiber and single-use 
technology tangential flow filtration systems.
 www.sartorius.com
• Interpump Group signed a binding 
agreement to acquire an 80% controlling 
stake in Servizi Industriali Srl, an 
Italian company operating in the design, 
production and sale of Macfuge centrifugal 
separators (see Filtration Industry Analyst, 
May 2020). Macfuge systems are used 
for separation and clarification in the 
food, chemical and pharmaceutical 
industries, as well as in the energy sector. 
Interpump Group chairman Fulvio 
Montipò said: “With this acquisition, we 
add an important tile to our range of 
fluid handling systems and components, 
where demand is rapidly growing thanks 
to the higher and higher attention to 
environmental impact.” Servizi Industriali 
management will hold the remaining 20%.
 www.interpumpgroup.it and 
www.macfuge.com
• Italy’s GVS SpA bought Haemonetics Corp’s 
blood filter manufacturing operations in 
Fajardo, Puerto Rico (see Filtration Industry 
Analyst, June 2020). The two companies also 
signed a long-term supply and development 
agreement that will, among other things, 
grant GVS exclusive rights to manufacture 
and supply the blood filters currently 
produced at the Fajardo facility. Bologna-
headquartered GVS supplies filtration 
solutions in the Healthcare & Life Sciences, 
Energy & Mobility and Health & Safety 
sectors. The group has 13 production plants 
in Italy, UK, Brazil, US, China, Mexico and 
Romania, and six commercial companies 
located in Argentina, Russia, Turkey, Japan, 
Korea and China. The group had 2019 
revenues of E227 million and adjusted 
EBITDA of E62 million. 
 www.gvs.com and www.haemonetics.com
• Donaldson Company Inc and Nelson 
Global Products Inc reached a mutual 
agreement to terminate Nelson’s purchase 
offer for Donaldson’s Exhaust and Emissions 
(E&E) business (see Filtration Industry 
Analyst, June and February 2020). The 
transaction was to have included Donaldson’s 
dedicated E&E sales and engineering 
functions, production facilities and lab 
capabilities. Donaldson’s E&E business had 
revenues of approximately US$120 million 
in fiscal 2019.
 www.donaldson.com and www.nelsongp.com
• Grundfos entered into an agreement to 
acquire the Danish water treatment solutions 
company Silhorko-Eurowater A/S (see 
Filtration Industry Analyst, June 2020). 
Headquartered in Skanderborg, Eurowater 
develops, produces and markets solutions for 
the treatment of water for customers in the 
industrial and municipal sectors. Grundfos 
says that the acquisition marks an important 
milestone in the company’s ongoing efforts 
to pioneer solutions to tackle global water 
challenges. The transaction is expected to 
close later this year.
 www.grundfos.com and www.eurowater.com
• Ceco Environmental Corp purchased 
Environmental Integrated Solutions 
Ltd (EIS), a UK-based manufacturer 
and supplier of VOC abatement, odour 
control and air pollution control systems 
(see Filtration Industry Analyst, June 2020). 
Birmingham-headquartered EIS will serve 
as a regional hub for Ceco’s Industrial 
Solutions segment.
 www.cecoenviro.com and www.eisuk.co.uk
• The water quality platform established 
by KKR and XPV Water Partners to 
provide end-to-end nutrient management 
solutions (see Filtration Industry Analyst, 
December 2019) acquired Environmental 
Dynamics International Inc (EDI), a 
manufacturer of diffused aeration 
systems (see News, page 14). EDI will 
integrate into Nexom, combining EDI’s 
expertise in serving medium- to large-scale 
treatment facilities in North America and 
internationally with Nexom’s expertise in 
serving small- to medium-sized treatment 
facilities. Nexom CEO Martin Hildebrand 
will head up the combined businesses.
 www.kkr.com, www.xpvwaterpartners.com, 
www.environmentaldynamics.com and 
www.nexom.com
• Metso Minerals and Outotec completed 
their merger (see Filtration Industry Analyst, 
July 2020, May 2020 and July 2019). Metso 
Outotec Corporation started operations 
on 1 July 2020. Headquartered in Finland 
and listed on the Nasdaq Helsinki, Metso 
Outotec provides crushing and screening 
equipment for the production of aggregates 
as well as equipment and solutions for 
minerals processing, metals refining, chemical 
processing, and metal and waste recycling.
 www.mogroup.com
A review of first quarter 2020 pump mergers 
and acquisitions was featured in the April 
2020 issue of Filtration Industry Analyst. n
http://www.camfil.com
http://www.resema.se
http://www.filtrationgroup.com
http://www.oxyphen.com
http://www.sartorius.com
http://www.interpumpgroup.it
http://www.macfuge.com
http://www.gvs.com
http://www.haemonetics.com
http://www.donaldson.com
http://www.nelsongp.com
http://www.grundfos.com
http://www.eurowater.com
http://www.cecoenviro.com
http://www.eisuk.co.uk
http://www.kkr.com
http://www.xpvwaterpartners.com
http://www.environmentaldynamics.com
http://www.nexom.com
http://www.mogroup.com