Dürr AG has reached an agreement to sell its environmental technology division to Stellex Capital Management LLC for approximately €385 million, while retaining a 25% stake to focus on its core business in automation technology.

Target Information

Dürr AG has entered into an agreement with Stellex Capital Management LLC for the divestment of its environmental technology business, which includes exhaust air purification technology and sound insulation systems, forming the Clean Technology Systems Environmental division of the Dürr Group. This strategic decision reflects Dürr's commitment to simplifying its group structure that was discussed in the previous year and reinforces its focus on automating production processes. The enterprise value of the environmental technology division is set at approximately €385 million, and after accounting for reinvestment costs and other transaction-related expenses, Dürr anticipates net proceeds around €250 million, aimed at reducing corporate debt.

Industry Overview in Germany

The environmental technology sector in Germany is a robust and growing industry driven by increasing awareness of environmental issues and stringent regulations aimed at pollution control. Germany is recognized globally for its leadership in sustainable technologies, making it one of the most influential players in the environmental technology market. The industry encompasses areas such as waste management, air and water purification, and energy-efficient systems, reflecting the country's commitment to sustainability.

In recent years, the demand for innovative environmental solutions has surged, driven by advancements in technology and an increasing emphasis on environmental responsibility by both consumers and companies. G