GL&V buys Krebs

GL&V (Dorr-Oliver Eimco) has purchased all the shares of the process equipment supplier Krebs International, thereby completing one of its largest acquisitions ever. GL&V says that having achieved an average annual revenue growth of 33% over the past three years, Krebs International will provide it with estimated additional revenues of $110 million during the first year, of which more than 40% is in the aftermarket.

“The addition of Krebs’ cutting-edge technologies strongly enhances GL&V’s positioning and potential as a global supplier to the minerals industry, and offers exceptional organic growth potential for the coming years. This acquisition also expands GL&V’s presence and technological offering in the buoyant energy market. The benefits arising from this acquisition will be optimized by the strong affinities between Krebs International’s and GL&V’s business models and entrepreneurial cultures.”