Gas Analyzer Firm Sold

Hamburg, Germany and Aix-en-Provence, France 5/2/18—AP2E has been acquired by DURAG for an undisclosed amount. DURAG provides solutions for environmental and ambient air monitoring and data management, and ignition systems and safety devices for industrial combustion processes. AP2E’s technology utilizes laser technology for industrial gas analysis. More than four hundred of AP2E’s gas analyzers are in use for mobile and online gas analysis, continuous emission monitoring, process gas monitoring and gas purity controls.

The acquisition closed in April. “We will benefit from the comprehensive know-how of the AP2E team and will expand the environmental sensor technology business area with this acquisition,” stated DURAG CEO Frank-Uwe Schulz. “AP2E will continue to operate from its own premises and will work closely together with the companies of the DURAG GROUP, especially with the international DURAG sales and service organization.”

AP2E’s technology is based on optical feedback cavity enhanced absorption spectroscopy (OFCEAS). “Collaboration with AP2E brings [DURAG] direct product and development expertise, market access (product, references and sales expertise) and manufacturing capabilities,” said a spokesperson for DURAG. “At the moment we are consulting and discussing intensively with AP2E about the first joint sales activities. Possible applications arise in the CEMS and the FGT (Flue Gas Treatment) markets.” According to a translation of an article on Go Met, AP2E had revenues of €3.5 million ($4.1 million) in 2017.

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