Höganäs Borgestad Holding AB (“Höganäs Borgestad”), a subsidiary of Borgestad ASA (“Borgestad”), has on 17 June 2025 entered into an agreement to acquire 100 percent of the shares in Emcotech AB (“Emcotech”), a Sweden-based company specializing in industrial flue gas cleaning.
ABOUT EMCOTECH
Emcotech was founded in 1995 and has established itself as a trusted partner to industries such as pulp and paper, energy production, and heavy manufacturing. The company specializes in delivering systems that capture and neutralize pollutants, ensuring cleaner air and supporting more sustainable industrial processes.
Emcotech’s solutions enable clients to maintain high operational standards while minimizing environmental impact. In addition to system design and implementation, the company offers high-quality spare parts with fast delivery times to minimize operational downtime.
In 2024, Emcotech delivered a revenue of SEK 45.4 million and an EBITDA of SEK 6.4 million.
STRATEGIC RATIONALE
The integration of Emcotech into the group is driven by Höganäs Borgestad Energi & Ugnsteknik AB’s (“HBEU”) dual setup, which combines industrial mechanics and filter services. As part of the same group, the intention is for Emcotech and HBEU to establish a stronger position in the industrial filter market.
Immediate synergies across the companies include the sharing of technical expertise, resources, and equipment, improving both sales and operational efficiency. With each company already present at various customer sites – either individually or jointly – there are clear opportunities to broaden service offerings and increase market share.
“We are very pleased to welcome Emcotech into our group. This acquisition strengthens our position in the niche of flue gas cleaning – a field that is critical for many of our customers and increasingly important in the transition to more sustainable industrial processes.
While this is not our largest acquisition, it brings significant strategic value by adding highly competent personnel, as well as strong customer and supplier relationships. We look forward to building on Emcotech’s solid foundation and continuing to grow together,” says Bendik Persch Andersen, CEO of Höganäs Borgestad.