Mountain Cleantech buys 44% stake in Entecco

The GP sourced the deal proactively by approaching the company at a trade fare and observed it for two years. Mountain Cleantech stated that it was attracted by Entecco's successful buy-and-build strategy and its growth potential outside of western Europe.

The investor plans to expand the company to the Balkan countries, the US and potentially Asia. It also wants to encourage further bolt-ons.

Mountain Cleantech considers the western European market for purification filters largely saturated. However, it sees growth potential in eastern Europe and the US, particularly in the coal industry.  

Entecco is Mountain Cleantech's third investment this year. The investor acquired a stake in Pessl Instruments in September 2015, a company that develops internet-of-things products for the monitoring of plants and animals. It followed the investment in environmental services company Ascon Resource Management in April 2015.

Company
Founded in 2010 and headquartered in Lahr, Entecco manufactures filter products and turnkey systems for dust removal, exhaust gas purification and ventilation for different industries, including the asphalt, foundry, steel, wood and aluminium sectors.

The company bolted on filtration technology companies in the German-speaking countries in the last four years. Its subsidiaries are Garant-Filter, LHS Clean Air Systems, Turbofilter and Infra Process.

Entecco has sites in Germany, Austria and Poland and currently operates through a partner in the US. The company had a turnover of €20m in the last financial year.

People
Michael Auer is CEO of Entecco. Alexander von Hutten is managing partner and Daniel Koppelkamm is principal at Mountain Cleantech.

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• Topics
• Expansion
• Industrials
• DACH
• Germany