John Crane, manufacturer of mechanical sealing systems and associated technologies, plans to acquire Indufil BV, with final completion of the acquisition subject to regulatory approvals.
Dutch company Indufil produces filtration systems used for rotating equipment fluid, fuel and gas conditioning for the petrochemical and power generation sectors.
Mike Mansell, managing director of John Crane EAA, commented: “This is a perfect illustration of our growth strategy in action as we seek to increase the scope of technology-based products associated with rotating equipment in our core markets. It will also increase our service offering to the aftermarket which can be supported through our existing global network. This comes only months after we acquired Sartorius Bearing Technology. That move allowed us to add engineered bearings to our offering and these will now be joined by Indufil’s specialist filtration systems.
“Our current intention is that Indufil will remain in its location and become the headquarters of the John Crane filtration systems business unit. Indufil’s market is worth over £300 million and this acquisition gives us access to that potential. It sells to customers who already benefit from John Crane’s technology and the addition of these new products will enable us to widen the scope of service that we can offer these customers. As the petrochemical and power generation markets continue to expand it will generate significant opportunities to grow the Indufil business and with the backing of John Crane’s global network we feel ideally placed to exploit this growth.”