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04.01.2016
Hoerbiger acquires Newson Gale
Hoerbiger Group, Zug, Switzerland, has purchased Newson Gale Ltd, Nottingham, UK. The take-over officially took effect 4 January. The privately owned business, of which the majority of shares have been held by its founder Ernest Kochmann and his family while a minority of shares have been owned by its CEO, Graham Tyers, provides electrostatic grounding systems for hazardous areas. The company has more than 30 years of experience in explosion prevention technology by offering its customers a wide range of solutions dedicated to preventing ignition by uncontrolled static electricity in hazardous areas wherever there are flammable gases, liquid vapours or combustible dust atmospheres. The parties agreed to keep the purchase price confidential.
“Safety and explosion prevention technology are attractive growth markets which ideally complement Hoerbiger's core business and thus hold attractive development potential”, commented Dr Martin Komischke, Hoerbiger Group CEO and chairman of the executive board. “With Newson Gale's reputation and know-how, we will strengthen our leading role as developer and global provider of performance-defining safety related components and services.” Last year Hoerbiger acquired US-based IEP Technologies, one of the world's leading providers of safety and explosion protection technology for a broad range of industrial plant engineering applications (see EBS News for week of 31 August 2015). www.hoerbiger.com
New range of stainless steel static grounding reels launched last year by Newson Gale
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