Munich, October 6th, 2022 –Lenbach Equity Opportunities II. GmbH & Co. KG (LEO II Fund), which is being advised exclusively by DUBAG Group, has signed a contract to acquire Vitesco Technologies’ catalysts and filters business, Emitec. The acquisition of Emitec – a company focused on the manufacturing of catalysts and filters for the automotive industry, contributing to the purification of exhaust gases from internal combustion engines – marks a new, independent beginning for the company that celebrated its 35thanniversary this year.
The current management team, all 940 employees as well as all sites (Lohmar and Eisenach in Germany and Pune in India) will be taken over. The intended transaction is expected to close in the first half of 2023 and is subject to regulatory approvals being granted and fulfilment of other customary closing conditions.
Rolf Brueck, Vice President Catalysts and Filters is convinced that the transaction will have exclusively positive effects for all partners: ” The pace of regulation varies from one region to another. This calls for a great deal of flexibility on the part of the industry. As an independent company, we will have more freedom to react quickly and individually to the many different requirements. We will be able to better position ourselves globally as an important partner for clean electrified combustion. In addition, we have the possibility to strengthen our activities in the non-Automotive sector.”
DUBAG is looking forward to welcoming Emitec to our portfolio. We are convinced that Emitec, once again becoming an independent legal entity – as it was prior to its acquisition by Continental AG in 2014 – will be able to exploit its full potential to continue to grow with a focused and competitive product portfolio as an important partner for the automotive industry.