LUDWIGSBURG - Filtration equipment specialist Mann+Hummel has completed its acquisition of a majority stake in Suzhou U-Air Environmental Technology. The deal is expected to reinforce Mann+Hummel's commitment to meeting the rising global demand for cleaner air solutions and strengthen its presence in the growing Chinese and southeast Asian air filtration market.
The U-Air portfolio will complement Mann+Hummel’s existing air filtration business within its Life Sciences & Environment unit.
"The acquisition of U-Air, one of the largest Chinese filtration manufacturers known for its high-quality air filtration products, marks a significant milestone for Mann+Hummel," said a company statement. "For one of the leading filtration technology companies, the investment means accelerating its global reach and gaining new opportunities as U-Air is serving diverse markets.
"The U-Air teams and customers will benefit from Mann+Hummel’s global reach and infrastructure as the filtration company already has a very strong presence in the Chinese Automotive sector."
While the acquisition was completed on October 3, the public registration in China is still in progress.
