EQT to acquire a majority stake in DESOTEC from Blackstone.

EQT, a Swedish global investment organization, agreed to acquire a majority stake in DESOTEC, a circular mobile filtration solutions provider, from Blackstone, an alternative asset manager. Financial terms were not disclosed. "We are truly excited to acquire a majority stake in DESOTEC, a company that EQT has known for almost a decade, in partnership with management and Blackstone. DESOTEC combines an attractive business model with measurable environmental impact. EQT sees significant potential to continue scaling DESOTEC's circular filtration platform in North America and further across Europe, helping industries operate more sustainably. We are also pleased to welcome the Athos and Merckle family offices as co-investors alongside EQT Future in DESOTEC's next phase of growth," Andreas Aschenbrenner, EQT Future Partner of advisory team.