Switzerland: Takeover in Explosion protection Hoerbiger Buys German Explosion Protection Specialist Brilex
Hoerbiger of Switzerland continues its shopping spree with the acquisition of Brilex, a German manufacturer of explosion relief venting products.
Zug/Switzerland; Brilon/Germany – The takeover is only the latest in a series of Hoerbiger acquisitions: In 2015 and 2016, the Siwss bought IEP Technologies (USA) and Newson Gale (UK) respectively. Now, Brilex's range of products shall complement the portfolio of Hoerbiger’s new Safety Solutions Segment.
The German company makes passive explosion protection products and offers more than 20 years of industry experience. Explosion venting products manufactured by Brilex mitigate the devastating effects of combustible dust or vapor explosions, protecting personnel, high-value assets and processing facilities.
"Safety and explosion protection technology continues to hold attractive development potential. Together, Hoerbiger and Brilex have excellent global growth opportunities," said Dr. Martin Komischke, CEO and Chairman of the Executive Board of Hoerbiger Holding AG. "Our goal is to position Hoerbiger even more strongly as a safety technology solution provider in the industrial process industry with performance-defining safety solutions."
"I was looking for a buyer that would ensure the continued development of Brilex and provide the employees with long-term prospects," commented Martin Bunse, founder of Brilex. "What convinced me was the option offered by Hoerbiger of expediting Brilex's growth more quickly and effectively, in order to take full advantage of the opportunities presented by the rapidly growing market. Under the umbrella of the Hoerbiger brand, we will have exceptional opportunities to advance our successful growth strategy."