2016-04-05 - HOERBIGER acquires BRILEX

Zug / Brilon, April 5, 2016 – Effective April 1, 2016, the HOERBIGER Group in Zug, Switzerland, acquired privately held BRILEX Gesellschaft für Explosionsschutz mbH, head quartered in Brilon, Germany. BRILEX is a leading provider of explosion relief venting products. All interests in the company were privately held by founder Martin Bunse. The parties agreed to keep the purchase price confidential.

BRILEX is a leading provider of passive explosion protection products and offers more than 20 years of industry experience. Explosion venting products manufactured by BRILEX mitigate the devastating effects of combustible dust or vapor explosions, protecting personnel, high-value assets and processing facilities.

BRILEX's portfolio includes patented, ATEX certified explosion vents developed in-house and flameless vents, which complement the range of HOERBIGER explosion relief valves. BRILEX has a state-of-the-art manufacturing operation with an experienced direct sales organization and a broad network of distributors.

The reputation and knowledge of BRILEX will enable HOERBIGER to further expand existing competencies in its industrial core business and tap valuable synergies, especially in the passive explosion protection field. The acquisition of BRILEX will strengthen HOERBIGER's leading role as a developer, manufacturer, and global provider of performance-defining components and services, which are increasingly safety solutions focused, for the oil, gas, and process industries.

With the acquisition of IEP Technologies, LLC, Marlborough, Massachusetts, USA in September 2015, and Newson Gale Ltd, Nottingham, United Kingdom, in January 2016, HOERBIGER laid the foundation for broadening its presence in safety technology. BRILEX's range of products complements the portfolio of HOERBIGER’s new Safety Solutions Segment. HOERBIGER has been an innovation and technology leader for decades in the passive protection market with explosion relief and check valves. HOERBIGER offers BRILEX a global operations network, providing proximity to the customer at the worldwide locations of the oil, gas, and process industries.

"Safety and explosion protection technology continues to hold attractive development potential. Together, HOERBIGER and BRILEX have excellent global growth opportunities," said Dr. Martin Komischke, CEO and Chairman of the Executive Board of HOERBIGER Holding AG. "Our goal is to position HOERBIGER even more strongly as a safety technology solution provider in the industrial process industry with performance-defining safety solutions."

"I was looking for a buyer that would ensure the continued development of BRILEX and provide the employees with long-term prospects," commented Martin Bunse, founder of BRILEX. "What convinced me was the option offered by HOERBIGER of expediting BRILEX's growth more quickly and effectively, in order to take full advantage of the opportunities presented by the rapidly growing market. Under the umbrella of the HOERBIGER brand, we will have exceptional opportunities to advance our successful growth strategy."