Fog

Donaldson buys gas turbine company

Published: Saturday, Aug. 23, 2014 1:15 a.m. CST

MINNEAPOLIS – Donaldson Co. Inc. announced that its wholly-owned subsidiary, Donaldson Europe BVBA – UAE Branch, has entered into an agreement to acquire Northern Technical L.L.C., a manufacturer of gas turbine inlet air filtration systems and replacement filters.

The acquisition is expected to close in September, subject to normal closing conditions. Other terms of the acquisition were not disclosed. 

Northern Technical, based in Abu Dhabi, United Arab Emirates, is the Middle East’s largest manufacturer of gas turbine air filter intake systems. Northern Technical CY14 sales are forecast to be approximately $22 million.

After completion of this acquisition, Donaldson will manage its European, Middle Eastern, and African gas turbine business from its Abu Dhabi branch office. 

The company has a plant in Dixon.

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