M&A Deal Summary

Micronics Acquires AFT

On July 19, 2023, Micronics acquired machinery company AFT from FLSmidth A/S

Acquisition Highlights
  • This is Micronics’ 3rd transaction in the Machinery sector.
  • This is Micronics’ 1st transaction in Denmark.

M&A Deal Summary

Date 2023-07-19
Target AFT
Sector Machinery
Buyer(s) Micronics
Sellers(s) FLSmidth A/S
Deal Type Divestiture

Target

AFT

Copenhagen, Denmark
AFT is a filter media division serve customers' baghouse filtration needs in industries such as cement, lime, power utilities, energy from waste, co-generation, mining, AFT was founded in 1999 and is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

Micronics

Chattanooga, Tennessee, United States

Category Company
Founded 1983
Sector Manufacturing
DESCRIPTION

Micronics is a provider of aftermarket and OEM filtration equipment and consumables for use in mining, chemical, wastewater, and various other industrial end markets. It supplies filter presses of all sizes, including the fully automatic Lasta MC, replacement plates, parts, and filter cloth and filter bags for all equipment. Micronics was formed in 1983 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 5 of 7
Sector (Machinery) 3 of 3
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 United Process Control

Hillsborough, New Jersey, United States

United Process Control, Inc. is a full-service provider of baghouse inspection, mechanical repair, bag change outs and aftermarket parts to customers in the power, steel, cement, chemical, and food industries largely in the eastern and southeastern portions of the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Solaft Filtration Solutions

Gordon, Australia

Solaft Filtration Solutions is a vertically integrated, global industrial filtration solutions provider with in-house product design capabilities, research & development facilities and manufacturing operations in Australia, Brazil, China, and India. Solaft Filtration Solutions is based in Gordon, Australia.

Buy -

Seller(S) 1

SELLER

FLSmidth A/S

Copenhagen, Denmark

Category Company
Founded 1882
Sector Machinery
DESCRIPTION

FLSmidth & Co. A/S is a supplier of equipment and services to the global cement and minerals industries. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction.


DEAL STATS #
Overall 12 of 13
Sector (Machinery) 4 of 5
Type (Divestiture) 10 of 11
Country (Denmark) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Möller

Pinneberg, Germany

Möller is a specialist in the design, supply, installation, and service of pneumatic conveying systems. The company caters to the power and aluminum industries. Möller was founded in 1934 and is based in Pinneberg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 MAAG Gear

Winterthur, Switzerland

MAAG Gear is a supplier of gear units, drive systems, and components to cement and minerals industries. MAAG Gear was founded in 1913 and is based in Winterthur, Switzerland.

Sell -