Two of the industry’s key players in CO2 technology and production have come together in a major deal that has seen Union Engineering a/s acquire 100% of the shares of The Wittemann Company, LLC.
Headquartered in Denmark, Union Engineering is world-leader in developing CO2 technology, and 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.
Wittemann 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.
It is thought that the deal will allow the latter to expand both its presence and capabilities in the market.
Bill Geiger, who will continue in his role as managing director of Wittemann, 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.”
Peter Kriklywi, CEO of Union Engineering, added, “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.”