KKR Agrees to Buy HOERBIGER’s Explosion Protection and Static Control Businesses

KKR has agreed to acquire HOERBIGER’s Explosion Protection and Static Control segments, which make up most of the Swiss industrial group’s Safety Business Unit. The transaction is targeted to close in the first quarter of 2027, subject to regulatory approvals and other customary conditions. Financial terms were not disclosed. The businesses are IEP Technologies and Newson Gale. IEP Technologies provides engineered systems designed to prevent or mitigate explosions involving combustible dust, vapors and sparks. Newson Gale provides static grounding and bonding solutions intended to help prevent electrostatic ignition.

Source: TokenPost