Pentair plc, has announced that it has completed the acquisition of Union Engineering A/S, a Danish technology developer specialised in carbon dioxide (CO2) capture, recovery and purification from private equity fund Capidea.
US-headed Pentair plc, a global provider of products, services and solutions within water and other fluids, thermal management and equipment protection has announced that it has completed the acquisition of Union Engineering A/S, a Danish technology developer specialised in carbon dioxide (CO2) capture, recovery and purification.
According to Pentair, the addition of Union Engineering’s technologies and service capabilities reinforces and expands Pentair’s offerings within the industrial gas, food and beverage and biogas upgrading sectors.
– Pentair is committed to providing innovative solutions that help build a safer, more sustainable world. Reducing carbon dioxide emissions and utilising 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, said Daniel Stirpe, Pentair Vice President, Process Technologies in a statement.
The seller is the Danish private equity fund Capidea and a number of minority shareholders, whereas the partly owned subsidiary Airco Diet A/S is not part of the transaction.
– 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, said Jens Thøger Hansen, partner in Capidea and former chairman of Union Engineering.
