Blackstone Agrees to Acquire DESOTEC, Leading European Environmental Services Company
Summary
Based in Roeselare, Belgium, DESOTEC’s mission is to help protect the planet through innovative circular filtration solutions, enabling clean water, air, and soil. DESOTEC’s fleet of approximately 2,700 mobile filters is the largest of its kind in Europe and it serves a broad range of industrial applications, including air emission, biogas, remediation, wastewater, and chemicals. The Company’s mobile filters enable its customers to comply with environmental regulations and sustainability requirements, through its closed-loop, “Filtration-as-a-Service” rental solution. Jürgen Pinker, Senior Managing Director at Blackstone, said: “ We are proud to invest in an innovative, mission-driven environmental leader like DESOTEC. The company is a perfect fit for our core private equity strategy, which seeks to identify exceptionally high-quality businesses with strong tailwinds at their backs and support them for the long term.