Mersen: acquisition of GAB Neumann
Mersen strengthens its position in the chemicals market with the acquisition of GAB Neumann
- Strengthening presence in specialty chemicals in Germany, Austria and Switzerland
- Broader expertise in heat exchangers
- Expansion of services, replacement and repair activities in the anti-corrosion equipment segment
Paris, November 28, 2019 – Mersen (Euronext FR0000039620 – MRN), a global expert in electrical power and advanced materials, has announced the acquisition of GAB Neumann GmbH, a specialist in the design, manufacture and sale of graphite and silicon carbide (SiC) heat exchangers for the chemicals market.
Éric Guajioty, Group Vice President, Advanced Materials, said: “We are delighted to welcome the GAB Neumann teams to Mersen. Their extensive and recognized expertise will help the Group strengthen its footprint in anti-corrosion equipment across German-speaking Europe (Germany, Austria and Switzerland). The addition of their annular groove graphite and silicon carbide heat exchangers to our product portfolio also makes Mersen a unique and central player in exchangers and solutions for today’s high value-added pharmaceuticals and specialty chemicals markets.”
The new acquisition will enable Mersen to strengthen its position in the chemicals market in Germany – particularly in the replacement segment – and provide its customers around the world with an enriched offer of products and services.
A family-owned company based in Maulburg in the state of Baden-Württemberg in south-west Germany, GAB Neumann was founded in 1965 and has 45 employees. It will join the Advanced Materials segment and will contribute around €10 million to annual Group sales.
The transaction, which is subject to the approval of the German anti-trust authorities, is expected to be finalized in early 2020.