The Mann+Hummel Group (Ludwigsburg, Germany; www.mann-hummel.com) announced that it has entered into a definitive agreement under which Mann+Hummel will acquire the global filtration operations (excluding its Affinia South America (“ASA”) operations) of Affinia Group, the manufacturer of the Wix and Filtron brand of filters. The transaction is subject to customary regulatory approvals. The two businesses will continue to operate separately for the foreseeable future. Terms of the deal have not been disclosed. With this acquisition, approximately $1 billion will be added to Mann+Hummel top line.
Affinia’s filtration business specializes in aftermarket oil, fuel, air, hydraulic, and coolant filters. Mann+Hummel is a privately-held global filtration expert offering filtration solutions to original equipment and aftermarket customers in both the automotive and industrial sectors. The acquisition will give Mann+Hummel access to market segments such as U.S. heavy-duty and hydraulic filtration.