Add-on Acquisition • Business Services

Nederman Acquires Duroair

On August 30, 2024, Nederman acquired business services company Duroair for 11M CAD

Acquisition Context
  • This is Nederman’s 1st transaction in the Business Services sector.
  • This is Nederman’s 3rd largest (disclosed) transaction.
  • This is Nederman’s 1st transaction in Canada.
  • This is Nederman’s 1st transaction in Ontario.

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M&A Deal Summary

Date August 30, 2024
Target Duroair
Sector Business Services
Buyer(s) Nederman
Deal Type Add-on Acquisition
Deal Value 11M CAD
Advisor(s) Woodbridge International (Financial)

Target Company

Duroair

Niagara Falls, Ontario, Canada
Duroair specialises in air filtration and containment solutions, primarily focusing on portable and retractable clean air containment systems. Duroair is based in Niagara Falls, Ontario.
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Buyer Overview 1

Buyer

Nederman

Helsingborg, Sweden

Category Company
Founded 1994
Sector Machinery
Employees2,492
Revenue 5.9B SEK (2024)
DESCRIPTION

Nederman is a provider of air treatment for working environments in industrial environments. In this field, Nederman markets products and systems for capture at source, i.e., the capture and filtration of dust, gas, exhaust, and other particles directly where they arise, as well as hose and cable reels. Nederman was founded in 1944 and is headquartered in Helsingborg, Sweden.


Deal Context for Buyer #
Overall 7 of 7
Sector: Business Services 1 of 1
Type: Add-on Acquisition 7 of 7
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Gasmet Technologies Oy

Helsinki, Finland

Gasmet manufactures and develops advanced measuring instruments for environmentally harmful gases and greenhouse gases. The company sells its products globally through a comprehensive dealer network.

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