Nederman Holding AB (OM:NMAN) acquired RoboVent, Inc. from Rensa Filtration for approximately SEK 430 million ($41.9 million).
July 28, 2022
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Nederman Holding AB (publ) (OM:NMAN) acquired RoboVent, Inc. from Rensa Filtration for approximately SEK 430 million ($41.9 million) on July 29, 2022. The total consideration shall be paid on a cash and debt free basis and funded by cash and existing bank facilities. Post deal completion, RoboVent shall become part of Nederman´s Extraction & Filtration Technology Division. In 2021, RoboVent reported a total revenues of $32 million. The deal is expected to have a positive impact on earnings per share on Nederman. Baird served as the exclusive financial advisor to Rensa Filtration, Inc. on this transaction. Avinash R. Rao, Amy E. Sheridan, Erika L. Todd and Douglas S. Stransky of Sullivan & Worcester LLP acted as legal advisor to Nederman Holding AB (publ) (OM:NMAN).
Nederman Holding AB (publ) (OM:NMAN) completed the acquisition of RoboVent, Inc. from Rensa Filtration on July 29, 2022.
Nederman Holding AB is a Sweden-based company engaged in the environmental technology sector. It provides industrial vacuum cleaners, dust and fume collectors, filters, and pre-separators, among others, for three business areas: air extraction and filtrations systems, cleaning and recycling. Also, the Company offers particulate monitors and filter control solutions. Its activities are focused on four market segments: Metal Fabrication, which includes manual and robotic welding, thermal cutting, blasting and others, as well as machining; Fiber-based industries and general industries, such as primary wood, food, chemicals and textiles, among others; Process industries and energy, including foundry, smelters and crematories; as well as Automotive aftermarket, such as vehicle repair shops and emergency stations. It operates primarily in Sweden, Denmark, Germany, Canada, the United States, and China.
NEDERMAN HOLDING AB 
