Ecolab acquires AK Kraus & Hiller Schädlingsbekämpfung GmbH
Livingstone has advised Ecolab Inc. on the acquisition of AK Kraus & Hiller Schädlingsbekämpfung GmbH. Headquartered in Allershausen near Munich/Germany, AK was founded in 1989. The company, is a leading provider of commercial pest elimination services, especially for the food industry.
NYSE-listed Ecolab group is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2013 sales of $13bn, Ecolab delivers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimise water and energy use and improve operational efficiencies for customers in the Food, Healthcare, Energy, Hospitality and Industrial sectors in more than 170 countries around the world. Bobby Mendez, Executive Vice President and President, Global Services and Speciality at Ecolab commented:
“This transaction expands our footprint in Europe and further positions us as a global leader in commercial pest elimination services, an important component of our commitment to help protect our customers’ operations.” Dr. Ralf Nowak, Partner at Livingstone Düsseldorf, added: “We are very pleased to have supported Ecolab on yet another acquisition in the pest elimination sector in Europe. This transaction underlines the importance of the German market for Ecolab as well as the strategic importance of the pest elimination sector for the group.”