KKR agreed to acquire IEP Technologies and Newson Gale from Hoerbiger, carving out the bulk of the Swiss industrial group's Safety business unit in a deal backed by the firm's Global Impact strategy. IEP Technologies designs engineered systems that prevent or contain explosions triggered by combustible dust, vapours, and sparks, serving sectors including food, chemicals, wood processing, and energy. Newson Gale supplies static grounding and bonding equipment that guards against electrostatic ignition.
For KKR, the appeal lies in a pair of businesses with an established international footprint and clear room to expand. Kyle Matter, managing director and head of North America Global Impact at KKR, said the firm had been "impressed by the team's deep technical expertise and commitment to their customers" and, following closing, see meaningful opportunities to build on this strong foundation through investment in new capabilities and expansion opportunities.
Source: PE Insights · Summarized by HeadlinesBriefing