27 Jul 2021

Survitec & Hanson

Survitec Group Stand: H22, OS110
Survitec & Hanson
Survitec acquires Hansen Protection, strengthening its Position as the Global Leader in Survival Technology

Global Survival Technology leader, Survitec, announced that it has completed this year the acquisition of Hansen Protection, a leading European provider of personal protective equipment.   

The transaction reinforces Survitec as the global leader for Survival Technology across the Maritime, Defence & Government, Energy, and Aerospace markets. Survitec’s complete portfolio and its wide-reaching footprint creates a single partner for customers across the globe.  

Ron Krisanda, Executive Chairman at Survitec, commented: ‘’The addition of Hansen Protection, and its leading portfolio in personal protective equipment, protective rainwear, and technical textile solutions, fits perfectly within Survitec.    

Our acquisition strategy is intended to broaden and deepen our offering and enhance our ability to service customers and this transaction does just that. The global reach and the combined company’s products and services will offer greater value to our customers by providing one single supplier for Survival Technology across a number of categories, including immersion suits, lifejackets, life rafts, marine evacuation systems, fire systems and servicing.” 

Terje Gorm Hansen, CEO for Hansen Protection, added:   

‘’We are two companies with a very strong alignment in culture, with safety and innovation in our DNA. Working together, we will lead the way in engineering and providing world-leading solutions for our customers across the globe.’’  

 

As part of its strategic growth plans, Survitec recently announced the finalisation of a £270 million refinancing agreement, showing strong support and confidence from the company's shareholders and lenders.   

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