This follows Mann+Hummel’s acquisition of 50% of Microdyn-Nadir’s shares in May 2014.
The goal is to establish Mann+Hummel as a major player in the water filtration business.
The two companies have minimal product overlap and operate in different geographical markets.
Wiesbaden-based Microdyn-Nadir focuses on the production and distribution of flat sheet membranes and is a global supplier of membranes and modules for the micro-, ultra- and nanofiltration, while Mann+Hummel is a global supplier of filtration solutions to the automobile and manufacturing industries.
Mann+Hummel entered the water filtration market in 2010 with the acquisition of Singapore-based Ultra-Flo, in an effort to grow its business outside the automotive sector.
Since August 2014 Microdyn-Nadir has been responsible for Mann+Hummel’s water business. Mann+Hummel’s membrane activities are marketed under Microdyn-Nadir’s company brand.
Under full Mann+Hummel ownership, Microdyn-Nadir will continue to focus on membranes and modules. Mann+Hummel’s ultrafiltration membranes and modules will be marketed and distributed under the AQUADYN product brand, which is a registered trademark of Microdyn-Nadir in Europe.
In addition to its own production sites in Wiesbaden and in Xiamen, China, Microdyn-Nadir now has another manufacturing base in Singapore and has sales offices in Raleigh, North Carolina, USA and in Jundiaí, Brazil.
The agreement requires the approval of the cartel authorities.
