EnPro Industries completed the acquisition of LeanTeq for $305m.

EnPro Industries, a manufacturer of highly engineered industrial products, completed the acquisition of LeanTeq, a privately-held, Taiwan-based company which primarily provides refurbishment services for critical components and assemblies, for $305m. “LeanTeq complements Technetics Group, adding to our deep expertise and expanding the mission-critical suite of products we offer to our customers. The acquisition of LeanTeq demonstrates our commitment to investing in proprietary technologies in attractive and growing end markets and is consistent with our growth strategy, adding advanced technical capabilities, excellent financial characteristics, an experienced management team and significant aftermarket business. We look forward to welcoming LeanTeq employees to EnPro and working together to create value for our OEM partners, customers, and shareholders,” Steve Macadam, EnPro President and Chief Executive Officer.