Add-on Acquisition • Business Services

Howden Acquires Fancraft

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

Acquisition Context

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

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M&A Deal Summary
Date	June 7, 2021
Target	Fancraft
Sector	Business Services
Buyer(s)	Howden
Deal Type	Add-on Acquisition

Target Company

Fancraft

Sasolburg, South Africa

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 Overview 1

Buyer

Howden

Renfrew, United Kingdom

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 Context for Buyer	#
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.	Buy	-

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.

Buy

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