Alfred Weber, CEO of Mann+Hummel notes: “With Vokes Air, we enter a new market with great potential. This acquisition creates new chances for both the companies and the employees.”
The HVAC segment (Heating, Ventilation, Air Conditioning) has approximately a 15% share in the global filtration market and offers attractive growth rates. This segment belongs to the mega-trend of ‘air purification’, which has a growing importance for medical and industrial applications (e.g. clean room requirements).