Sweden-headquartered Vokes Air produces and distributes filters for indoor and process air purification for a variety of commercial and industrial applications, ranging from HVAC to power plants and hospitals. Vokes Air has manufacturing plants in Sweden, Germany and the UK, and sales operations in 10 countries. The company employs 400 people.
Alfred Weber, chief executive officer (CEO) of Mann+Hummel, said: “With Vokes Air, we enter a new market with great potential. This acquisition creates new chances for both the companies and the employees.”
Riverside invested in Vokes in 2008 by acquiring SPX Corp’s air filtration business.
“Riverside took a fragmented corporate division with untapped potential and carefully built a strong standalone company,” said Riverside partner Thomas Blomqvist. “We then helped Vokes thrive by investing in R&D, improving production efficiency, reducing overheads, and ultimately significantly increasing profitability of the company.”