Survitec, a manufacturer of safety and survival equipment, completed the acquisition of Hansen Protection, a manufacturer of marine, work and survival clothing, from IK Investment, a European private equity firm, for $140m. "The addition of Hansen Protection, and its leading portfolio in personal protective equipment, protective rainwear, and technical textile solutions, fits perfectly within Survitec. Our acquisition strategy is intended to broaden and deepen our offering and enhance our ability to service customers and this transaction does just that. The global reach and the combined company’s products and services will offer greater value to our customers by providing one single supplier for Survival Technology across a number of categories, including immersion suits, lifejackets, liferafts, marine evacuation systems, fire systems and servicing," Ron Krisanda, Survitec Executive Chairman.