AAF Europe Acquires Dinair of Sweden
Sweden:
AAF Europe, which is a
subsidiary of United States based AAF International and is involved in
manufacturing and sales of commercial air filtration products and air control
systems for residential, commercial and industrial use, has acquired Dinair, a
Vadstena based manufacturer and supplier of air filters. Post-acquisition, the manufacturing &
product development facilities and sales offices which are in Stockholm,
Gothenburg and Malmö, Sweden; Oslo, Norway; Helsinki, Finland; and Riga, Latvia
of Dinair would be controlled by AAF Europe.
TechSci
Research depicts that acquisition is
a strategic decision by AAF to increase the penetration of AAF in Nordic air
filter market. The successful completion of acquisition of Dinair would aid the
AAF in catering the needs of the customers with better and innovative products
& services.
According to the recently published
report by TechSci Research, “Global
Air Filters Market By Type (Medium Efficiency, HEPA, Low
Efficiency, Gas Phase, etc.), By Application (HVAC, Automotive, Bag House,
Cleanroom & Gas Turbine), By End Use Sector, By Region, Competition
Forecast and Opportunities, 2011 - 2021”, the global market for air filters is forecast to cross US$
20 billion by 2021, due to rising demand from process industry, oil & gas
and power sector. Medium efficiency air filters and HEPA filters dominate the
global air filters market due to rising quality centric approach of end users
in developed as well as major developing economies. Asia-Pacific is the largest
regional market in global air filters market on account of increasing demand
from diverse sectors including pharmaceuticals, electronics and microelectronics,
construction, refineries, and petrochemical.