KKR said on 22 October 2026 that it had agreed to acquire the Explosion Protection and Static Control segments of Swiss industrial group HOERBIGER, comprising IEP Technologies and Newson Gale.
Why KKR is buying IEP Technologies and Newson Gale (HOERBIGER Explosion Protection and Static Control segments)
The two businesses make up the majority of HOERBIGER's Safety Business Unit and provide industrial explosion protection and static grounding and bonding products. KKR is investing through its Global Impact Strategy and plans to introduce a broad-based employee ownership programme after closing.
Deal terms and financing
Financial terms were not disclosed. HOERBIGER will retain its Engine & Generators segment, which makes explosion relief valves, and integrate it into its Compression Division.
Regulatory approvals and timing
Closing is expected in the first quarter of 2027, subject to customary conditions including regulatory approvals.
Market context
HOERBIGER, based in Zug, Switzerland, employs more than 7,500 people and has annual sales of about €1.6bn. It built its safety unit after buying IEP Technologies in 2015; IEP added Newson Gale in 2016. IEP Technologies is based in Marlborough, Massachusetts, and Newson Gale in the UK.
