Mersen to acquire GAB Neumann.

Mersen, an expert in electrical power and advanced materials, agreed to acquire GAB Neumann, a designer and manufacturer of graphite and silicon carbide heat exchangers for the chemicals market. Financial terms were not disclosed. The transaction, which is subject to the approval of the German anti-trust authorities, is expected to be finalized in early 2020. “We are delighted to welcome the GAB Neumann teams to Mersen. Their extensive and recognized expertise will help the Group strengthen its footprint in anti-corrosion equipment across German-speaking Europe. The addition of their annular groove graphite and silicon carbide heat exchangers to our product portfolio also makes Mersen a unique and central player in exchangers and solutions for today’s high value-added pharmaceuticals and specialty chemicals markets,” Éric Guajioty, Mersen Group Vice President.