KKR buys most of Hoerbiger's safety unit: IEP Technologies and Newson Gale

KKR agreed to acquire the Explosion Protection and Static Control segments of Swiss diversified technology group HOERBIGER. The carve-out covers IEP Technologies and Newson Gale, two industrial safety solutions providers that make up the majority of HOERBIGER's Safety Business Unit. Financial terms were not disclosed.

Why it matters: It is another PE carve-out of a niche industrial business from a European conglomerate.