KKR To Acquire HOERBIGER's Explosion Protection And Static Control Segments; Terms Not Disclosed

The acquisition comprises the majority of HOERBIGER’s Safety Business Unit, namely IEP Technologies ("IEP") and Newson Gale, two established providers of industrial safety solutions.

IEP Technologies is a provider of industrial explosion protection, providing engineered systems designed to prevent or mitigate explosions caused by combustible dust, vapors and sparks across a range of industries, including food, chemicals, wood processing and energy. Newson Gale provides static grounding and bonding solutions that help prevent explosions caused by electrostatic ignition. Together, the businesses have an established global presence. Following completion of the transaction, KKR sees significant opportunities to build on this foundation and support the company’s next phase of growth.

KKR is investing in IEP and Newson Gale through its Global Impact Strategy, which is focused on identifying and investing behind opportunities where financial performance and societal impact are intrinsically aligned. IEP and Newson Gale’s solutions help prevent and mitigate industrial explosion risks, protecting workers worldwide.

KKR brings extensive experience investing in industrial businesses globally and supporting their operational and commercial development. Following closing, KKR also plans to support the implementation of a broad-based employee ownership program, giving all employees of IEP and Newson Gale the opportunity to participate in the companies’ future growth.

Following the transaction, HOERBIGER will retain its Engine & Generators segment, which provides explosion relief valves for engines and generators. The business will be integrated into HOERBIGER's Compression Division, reflecting its close alignment with the company’s existing compression activities.

The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions, including the receipt of regulatory approvals. Financial terms of the transaction were not disclosed.