Donaldson to Acquire Northern Technical
Donaldson Company, Inc. announced that its wholly-owned subsidiary, Donaldson Europe BVBA – UAE Branch, has entered into an agreement to acquire Northern Technical L.L.C., a manufacturer of gas turbine inlet air filtration systems and replacement filters. The acquisition is expected to close in September, subject to normal closing conditions. Other terms of the acquisition were not disclosed.
Northern Technical, based in Abu Dhabi, sales are forecast to be approximately $22 million. After completion of this acquisition, Donaldson will manage its Europe, Middle East, and Africa Gas Turbine business from its Abu Dhabi branch office.Edit Module