Hempel has acquired a unique technology developed by Das Lack Enertherm (DLE), a German-English company, that will change the market for insulation coatings while enhancing workers’ safety and lowering customers’ environmental footprint.
Combined with internal expertise, the technology will enable Hempel to develop and launch coating products with insulating properties within the next year.
The acquisition is part of Hempel’s new Double Impact strategy that will see the company double its revenue to €3 billion by 2025 and create leadership positions in the Energy segment.
The strategy will be realized through both acquisitions and organic growth as well as ambitious investments in sustainability, innovation and digitalization. With this acquisition, we are taking the next step and executing on our strategy to secure a global leadership position within the Energy segment.
“With this technology acquisition, we are now able to penetrate the insulation coatings market and bring new business opportunities to Hempel. This is an important next step to support our journey towards segment leadership within Corrosion Under Insulation (CUI), High Heat and Insulation, as well as our Double Impact strategy,” said Martin Wiese, head of Protective and Industrial Business.
“Apart from the product properties, our new insulation coatings will also lower our customers’ carbon footprint and will reduce heat loss significantly compared to current insulation coatings – both of which mean we will be helping our customers deliver on their sustainability agendas,” added Simon Daly, CUI & High Heat global business development manager.
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