Nederman Acquires Duroair Technologies Inc

August 30, 2024

Sweden-based environmental technology company Nederman has acquired Canadian air-filtration manufacturer Duroair Technologies Inc to strengthen its Extraction & Filtration Technology division in the US and Canada. The deal implies an enterprise value of approximately CAD 11 million with a potential earn-out of up to CAD 4 million; Duroair (headquartered in Niagara Falls, Ontario) will continue to operate under its brand and has about 10 employees.

Buyers
Nederman Holding AB (publ)
Targets
Duroair Technologies Inc
Industry
Manufacturing
Location
Ontario, Canada
Transaction Type
Buyout

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