Howden has announced that it has made a binding offer to acquire the Global Infrastructure and Industry business of Fläkt Woods Group, subject to certain conditions.
Howden is committed to providing its customers with leading service and technology in the areas in which it participates, and this potential acquisition will compliment the Howden brand with the addition of a highly regarded supplier of fans with a long history, strong reputation, leading brands and people with many years of experience and expertise. In particular, the acquisition would:
Broaden Howden’s presence in cement and steel;
Expand Howden’s offering to the industrial fan sector, in particular with smaller configured fans which are not currently in Howden’s range;
Strengthen Howden’s position in India, where this business leads in industrial fans and has two manufacturing plants;
Add a new application, mechanical vapour compression, to Howden’s portfolio; and
Increase the installed base that is addressable by Howden’s aftermarket business.
Moreover, by increasing the size of our business by nearly 20%, this opportunity would give Howden and Global Infrastructure and Industry associates the chance to develop and grow within a larger, more diverse organization.
A full copy of the announcement can be viewed here on the Howden website , or on the Colfax Corporation website.