A Few Clouds
25°FA Few CloudsFull Forecast

Donaldson buys gas turbine company

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

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.

Comments

 

National video

Reader Poll

A statewide advisory question on the Nov. 4 ballot asks whether Illinois should increase its minimum wage for adults over 18 to $10 an hour. How would you vote?
Yes
No