The acquisition strengthens Mann+Hummel’s presence in China and Southeast Asia, and will also serve customers globally.
“Just like the automotive market that we successfully serve for decades, the air filtration industry is on the rise in China. Our customers expect even faster deliveries and the highest product standards. We look forward to tapping into new industries and to moving forward with U-Air,” said Kurk Wilks, president and CEO of the Mann+Hummel Group.
“U-Air is very well positioned in the attractive and fast-growing filtration market. Together, both companies will be able to expand their production capacities and to serve customers even faster with products at the highest level,” said Hat Guo, chairman of the board of Zisun group.
“We see U-Air’s local production capacities and experience in high-tech industries as a great addition to our brand and product portfolio. The new business is planned to complement Mann+Hummel’s existing air filtration business within the Life Sciences & Environment unit,” said Fua Nipah, president & general manager of Mann+Hummel’s Air Filtration Solutions.
The transaction is expected to close later this year.
Mann+Hummel has been present in the Chinese market for over 20 years, initially exclusively with filtration solutions for automotive, but increasingly also with solutions for cleaner air and water.