MONTREAL
Diversitech, a global leader in the industrial air filtration industry, is pleased to announce that it has been acquired by Absolent Group AB of Lidköping, Sweden. “This is an excellent opportunity for Diversitech to accelerate its growth internationally.” said Marvin Simms, founder and V.P. of Sales at Diversitech. “Absolent is at the forefront of the oil mist & smoke filtration equipment industry and joining the Absolent family allows us to eventually expand our offerings to our dealers and distributors. It’s a win-win situation for everyone. The fact is, it’s business as usual at Diversitech. I’m not going anywhere and neither is the Diversitech team. We look forward to the new and exciting opportunities that lie ahead.”
Absolent Group has a strategy to accelerate growth by broadening its market access by establishing six carefully selected segment platforms. Acquiring Diversitech is a close fit with Absolent's strategic plan and the company will serve as Absolent Group's third growth platform following the existing metal machining and dust bulk handling platforms.
"Fume extraction, where Diversitech has the majority of its business, is the largest segment of the industrial air filtration market. It is a market where you need a clear position to build your business around and it is our belief that Diversitech has that position. Diversitech has a very strong track record of delivering above industry growth and margins. They have a well-developed channel strategy and a broad and well recognized product portfolio. We are excited to welcome the Diversitech team to our family and to get the opportunity to execute the next steps in the company's growth and internationalization plan together." says Absolent Group's CEO Axel Berntsson.
About Diversitech
Since 1984, Diversitech has been a technology leader in the Air Filtration & Dust Collection industry. We are fully committed to delivering reliable high-quality products manufactured to perform correctly in your application. When designing Fume and Dust Control products, our first priority is worker safety. Keeping unbreathables away from the operator’s repository zone requires capture-at-source equipment that is easy-to-use, easier-to-service, and is powerful enough to return truly clean air.