Arcline to acquire gas and fluid layout systems manufacturer CoreDux
Arcline Investment Management has agreed to acquire CoreDux, a manufacturer of ultra-high purity flexible gas and fluid conveyance components and systems based in The Netherlands, from Silverfleet Capital.
The financial terms of the deal were not disclosed.
CoreDux provides flexible gas and fluid artery systems that are said to be used in highly demanding high-tech applications such as semiconductor manufacturing, aeronautics, space, and clean mobility.
Arcline Investment Management stated: “CoreDux is a perfect example of the type of company in which we look to invest. The Company has built a reputation for providing innovative, highly engineered components and systems for the most demanding high-tech customers around the world and helping address some of today’s most pressing challenges, from leading-edge semiconductor manufacturing to clean mobility solutions that combat climate change.”
The closing of the deal, which is expected to occur in Q1 or Q2 2022, is contingent on regulatory approvals and the consultation process of CoreDux’s work councils, which is expected to begin shortly.
Jan Hennipman — CEO of CoreDux said: “Arcline is an ideal partner for CoreDux and our management team, employees, and customers, given their expertise supporting high-growth manufacturing businesses serving the most demanding applications across high-value industries. We look forward to working with Arcline to continue building this great company.”