WEINHEIM, Germany, December 12, 2018-

The global technology group Freudenberg is expanding its filter business. The Freudenberg Filtration Technologies Business Group has signed a contract in China to purchase the majority shares of Apollo Air-cleaner Co., Ltd. The company is a leading supplier of air and water filtration solutions in China. In 2017, Apollo had around 1,000 employees and generated 750 million RMB in sales (approximately 96 million EUR). The transaction still requires approval from competition authorities.

 “By purchasing the majority stake in Apollo, we are strengthening our position in China’s rapidly growing market for filtration solutions,” says Dr. Mohsen Sohi, Freudenberg Group CEO.

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