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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