DENSIQ Group has acquired DEPAC
DENSIQ Group, part of Latour Industries AB, has acquired DEPAC Anstalt (DEPAC) based in Lichtenstein.
DEPAC is a leading designer and manufacturer of mechanical shaft seals for industrial applications. The company, which was founded in 1983, has its headquarters in Lichtenstein with subsidiaries in Austria. The turnover in 2020 amounted to 8 million euros with a strong operating margin and good growth.
“The acquisition of DEPAC further strengthens our offering in advanced sealing technology. Own manufacturing in combination with additional geographies opens up new exciting opportunities to solve more of our customers’ complex and critical problems. We are very happy to be able to welcome DEPAC into DENSIQ”, says Krister Seleskog, CEO at DENSIQ.
“We see great opportunities for accelerated growth for the company now that we are part of DENSIQ”, says Peter Scrivener, CEO and owner of DEPAC.