The CERTINA Group has signed a purchase agreement to acquire ElringKlinger AG's thermal and acoustical shielding plants in Switzerland and the USA, enhancing its market position and expertise in high-temperature solutions.

Target Overview

The CERTINA Group, headquartered in Munich, Germany, has signed a purchase agreement to acquire two production facilities specializing in thermal and acoustical shielding from ElringKlinger AG. The acquisition encompasses plants located in Sevelen, Switzerland, and Buford, USA. The agreement was finalized on October 7, 2024, with the expectation of closing the transaction by the end of the year. This strategic move bolsters CERTINA's standing in the high-temperature solutions sector, providing it with necessary expertise and market reach.

Both plants generate combined sales of approximately €175 million, and their addition is set to elevate CERTINA’s sales within the High Temperature Solutions division to over €275 million. This acquisition will reinforce CERTINA’s global presence, now comprising twelve production and technology sites across the United States, Europe, and Asia.

Industry Overview in Switzerland and the USA

The thermal and acoustical insulation industry is vital to various sectors, particularly automotive and aerospace, where high-temperature applications are prevalent. In Switzerland, the industry has been experiencing steady growth drive