Industry News

Pentair Completes Acquisition of Union Engineering

Pentair Inc. has announced the acquisition of Union Engineering A/S in carbon dioxide (CO2) sector

Denmark: Pentair, a United States based leading manufacturer of filtration products, has acquired Denmark based Union Engineering A/S. Pentair caters to various sectors such as food and beverage, industrial gases and energy verticals, while Union Engineering A/S is involved in sustainable technologies for capturing, recovering and purification of carbon dioxide. The carbon dioxide business has been the subject of considerable consolidation in recent years. Thus, the acquisition by Pentair is an expansion strategy in the carbon dioxide business.

TechSci Research depicts that the acquisition by Pentair will result in strengthening its market share and value across the globe. The procurement will help Pentair to develop stronger foundation for manufacturing innovative technologies using carbon dioxide equipment, which will further benefit both the employees and customers.

According to the recently published report by TechSci Research,Global Air Filters Market By Type, By Application, 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.

 

 

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