Hengst is about to acquire the hydraulic filtration business of Bosch Rexroth AG. This includes the site in Ketsch (Baden-Württemberg, Germany) with approximately 190 employees and the 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.
With this additional acquisition, Hengst Filtration is consistently continuing the growth and expansion of the "Industrial Filtration" division, which commenced with the take-over of Nordic Air Filtration (2016) and Delbag (2018).
The purchase agreement was signed on July 16, 2020. 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.
