M&A Deal Summary

Howden Acquires Fancraft

On June 7, 2021, Howden acquired business services company Fancraft

Acquisition Highlights
  • This is Howden’s 1st transaction in the Business Services sector.
  • This is Howden’s 1st transaction in South Africa.

M&A Deal Summary
Date 2021-06-07
Target Fancraft
Sector Business Services
Buyer(s) Howden
Deal Type Add-on Acquisition

Target

Fancraft

Sasolburg, South Africa
website
Fancraft is an independent aftermarket services company focused on the maintenance, repair, and installation of air & gas handling equipment and turbomachinery. Fancraft was founded in 1989 and is based in Sasolburg, South Africa.

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Buyer(S) 1

Buyer

Howden

Renfrew, United Kingdom

website

Category Company
Founded 1854
Sector Machinery
DESCRIPTION

Howden is a provider of mission-critical air and gas handling products, technologies, and services. Howden supports multiple sectors including infrastructure, power generation, oil & gas, wastewater, metals, mining, and transportation. Howden was founded in 1854 and is based in Renfrew, Scotland.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (South Africa) 1 of 1
Year (2021) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Spencer Turbine

Windsor, Connecticut, United States

Spencer Turbine is a manufacturer of air and gas handling equipment used in global industrial, municipal, commercial and institutional applications. Spencer Turbine was founded in 1892 and is based in Windsor, Connecticut.

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