DESOTEC acquires Odoroff’s mobile filtration solutions business
DESOTEC today announces that it has reached an agreement with Odoroff, leading odour control specialist in Finland, to acquire their business activity for mobile filtration solutions in order to accelerate growth in Finland and the Nordics.
“This strategic add-on acquisition aims to significantly increase DESOTEC’s market share in the Nordics and represents an important milestone towards our ambitious international growth objectives”, explained Mario Hertegonne, CEO at DESOTEC.
The agreement concludes a fruitful three-year business development collaboration on mobile filtration solutions with Odoroff. During this period, DESOTEC delivered several successful projects and identified strong potential for its purification business in Finland within its target markets, being air emission, biogas, remediation, wastewater and chemicals purification.
The agreement gives DESOTEC a stronger local market know-how and direct access to substantial business opportunities across the Nordics. There is great potential for DESOTEC to serve growing business needs in the Nordics by leveraging its mobile filtration expertise gathered via thousands of customer applications throughout Europe.
DESOTEC’s international presence, via its logistics hubs across Europe, will facilitate the delivery and exchanges of the mobile filter solutions to any customer in the Nordics, with the same 24/7 customer service commitment.
DESOTEC, founded in 1990, is a leading European provider of mobile filtration technology through a unique and circular service concept. Since August 2017, DESOTEC is part of the Swedish private equity firm EQT under which it accelerated its pan-European business growth, resulting for 2018 in a 23% sales growth to more than €65 million. Over the past 4 years, the number of mobile filters has more than doubled: from 1,000 units at the end of 2014 to more than 2,300 today. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through an in-depth expertise of industrial applications and continuous investment in mobile filters, centralised reactivation capacity and well-positioned European hubs, DESOTEC ensures that the European industry can meet the increasing regulations for a better and cleaner environment.
More info: www.desotec.com
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtgroup.com
Odoroff Ltd, founded in 2002, is the leading odour control specialist in Finland. Odoroff’s environmentally friendly solutions have rescued over 1,000 sites suffering from offensive odours in Finland and in the neighbouring countries. The odour removal solutions of Odoroff include a wide range of odour removal solutions, such as activated carbon filters, absorption reactors and washers as well as UV equipment for various industries.
More info: www.odoroff.fi