Union Engineering a/s has today acquired 100% of the shares of The Wittemann Company, LLC, bringing two of the industry’s key players in CO2 technology and production together.
Financial details of the deal have not yet been disclosed.
For Bill Geiger, who will continue in his role as Managing Director of Wittemann, the deal allows the company to expand its presence and capabilities in the market.
He explained, “The product lines and services provided by Union Engineering and The Wittemann Company are very complementary of one another. The joining of resources with Union provides Wittemann the opportunity to expand its presence and capabilities in the expanding global CO2 market.”
Headquartered in Fredericica, Denmark, Union Engineering is world-leader in developing CO2 technology, designing and manufacturing CO2 plants for the beverage industry as well as for industrial gases companies.
The company also has subsidiaries in Brazil, China, Singapore and the UAE.
The Wittemann Company, meanwhile, has been supplying CO2 production and recovery systems since 1874 and operates from its headquarters in Palm Coast, US, with its CO2 equipment deployed in over 100 countries around the world.
Peter Kriklywi, CEO of Union Engineering, said of the acquisition, “We are very excited about joining forces with Wittemann, and after the first talk we were never in doubt that this is the right move for both companies. Together we have a stronger ability to serve the important US industrial gases market with CO2 plants and services.”
“The acquisition of Wittemann is in line with Union’s strategy of being present with own operations in all major CO2 markets and will increase our global capabilities to provide customers with a broader range of products, solutions and services. It enhances Union’s position as the world’s leading supplier of innovative CO2 technology.”