KKR to Acquire IEP Technologies and Newson Gale, Representing the Majority of HOERBIGER’s Safety Business Unit

Kyle Matter, Managing Director and Head of North America Global Impact at KKR

“IEP Technologies and Newson Gale provide essential safety solutions that help protect people, facilities and operations across a wide range of industries. We have been impressed by the team’s deep technical expertise and commitment to their customers and, following closing, see meaningful opportunities to build on this strong foundation through investment in new capabilities and expansion opportunities.”

Randy Davis, Head of the Safety Business Unit of HOERBIGER

“Over the past years, we have built strong expertise, deep customer relationships and a solid platform for growth. We are convinced that, following completion of the transaction, IEP Technologies and Newson Gale will have additional opportunities and resources to further strengthen their expertise to develop their respective businesses.”

Thorsten Kahlert, CEO and Chairman of the Executive Board of HOERBIGER

“This transaction marks an important step in the ongoing evolution of HOERBIGER's portfolio. We are proud of what the Safety team has achieved over the past decade. Following completion of the transaction, IEP Technologies and Newson Gale will be well positioned to accelerate their development. At the same time, the divestiture will enable HOERBIGER to focus even more closely on its core businesses and future growth opportunities.”