The acquisition target is a provider of clean air products and services for industrial, commercial, and municipal facilities in the western United States. The company had revenues of approximately US$5 million in 2014.
Cemtrex CEO Saagar Govil said: “We are extremely pleased about this acquisition as it will greatly enhance our domestic competitiveness in our industrial filtration business. California typically sets the standard when it comes to environmental practices so acquiring a leader in this market significantly advances our long term strategy in this business. Additionally, we see a lot of room for value addition and cross-selling from our existing filtration and monitoring businesses.”