About MANN+HUMMEL Group
MANN+HUMMEL Group is a leading global company in filtration technology. Under its two business units Transportation and Life Sciences & Environment, the Ludwigsburg-based Group (Germany) develops intelligent filtration and separation solutions that enable cleaner mobility, cleaner air, cleaner water, and cleaner industry. Thus, the 1941 founded family-owned company makes an important contribution to a clean earth and the sustainable use of limited resources. In 2022, over 22,000 employees at more than 80 locations generated a turnover of EUR 4.8 billion.
The portfolio comprises fuel, oil and air filters for combustion engines and industrial applications, filtration solutions for electric and hydrogen powered vehicles, simulation technologies and filter media, as well as membrane technologies for municipal and industrial water and wastewater treatment and use in sensitive process applications such as food production or biotechnology. Furthermore, the family-owned company, founded in 1941, offers air and molecular filtration technologies for vehicle interiors, building filtration, as well as industrial applications and cleanrooms.
MANN+HUMMEL Group has been present on the Chinese market for over 20 years, initially exclusively with filtration solutions for automotive, but in the past increasingly also with solutions for cleaner air and cleaner water.
MANN+HUMMEL Life Sciences & Environment Holding Singapore Pte. Ltd.
（简称“曼胡默尔新加坡控股”）为 MANN+HUMMEL Holding GmbH（德国企业，其直接股东为 MANN+HUMMEL International GmbH & Co. KG，简称“曼胡默尔集团”）控股的企业，其最终实际控制人为曼胡默尔集团。曼胡默尔新加坡控股的主要业务是全球投资控股和区域总部经济，并为其子公司提供集中的行政管理服务。该公司还主要负责曼胡默尔集团生命科学与环境业务部门的战略制定。
MANN+HUMMEL Life Sciences & Environment Holding Singapore Pte. Ltd. （mentioned as “MANN+HUMMEL Singapore”）is a subsidiary company controlled by MANN+HUMMEL Holding GmbH （ German company, and its immediate shareholder is MANN+HUMMEL International GmbH & Co. KG, mentioned as “MANN+HUMMEL Group”），and its ultimate actual controller is MANN+HUMMEL Group . The principal activities of MANN+HUMMEL Singapore are that of investment holding and of regional head office and to provide centralized administrative services to its subsidiaries. The Company is also the Strategy Leader of Life Sciences & Environment business unit of MANN+HUMMEL Group.
再升科技成立于2007年，国家高新技术企业，建有国家企业技术中心，公司于2015年 1月在上海主板挂牌上市， 股票代码603601。公司专注于超细纤维、过滤材料、膜材、吸附材料、微静电材料、油气分离材料及隔音隔热材料、净化（过滤）设备等新材料新产品的研究，深耕技术产品，服务双碳战略，以材料为基石，深度挖掘材料的优势性能，依托公司“国家企业技术中心”，发挥在 “干净空气”和“高效节能”领域多年深耕的技术优势、材料优势、检测优势、研发优势和设计优势，实施强有力的融合与跨界策略，不断拓宽应用领域，为工业与民用、医疗、电子、新能源汽车、农牧业、室内公共空间、航空航天等领域提供“干净空气”和“高效节能”的应用产品及解决方案。
Founded in 2007, Chongqing Zaisheng Technology Corp., Ltd (herein called Zisun) recognized as National High-Tech Enterprise and National Enterprise Technology Center. On January 22nd, 2015, Zisun was listed in Shanghai Stock Exchange with stock code 603601. Zisun devoted itself to research and manufacture super fine fiber, membrane, adsorption material, micro-electrostatic material, oil-gas separation material and thermal & acoustical insulation material, with these incredible technologies and products, better serve to Double Carbon Strategy. Based on material resource, Zisun continuously deeps exploring the advantage and property of material, bringing its superiority in technology strength, material portfolio, test capacity, R&D power and design ability into full play in the market of Clean Air and High-Efficiency Energy Saving. Meanwhile Zisun implements strong integration and cross-border strategies to expand downstream application, and till so far Zisun is providing both Clean Air and High-Efficiency Energy Saving solutions to industrial application, civiluse, pharmaceutical use, medical use, electronic clean room, EV cabin, agriculture and livestock farming industry, public space, aerospace etc.
The Strategy Scheme And Future Plan For This Transaction
MANN+HUMMEL Group sees the rising demand for solutions for cleaner air and the necessity for strengthening its presence in China and South East Asia to serve customers locally and globally. In acquiring majority share in U-Air，MANN+HUMMEL Group will continue to improve the availability of its air filtration products to meet the increasing application and customer needs.
Zisun plays big role with its R&D, production and sales capability in glass microfiber (with designed production capacity around 120,000 annual tons) simultaneously in fiberglass, PTFE and melt-blown filtration media market thanks to the innovation and development in Clean Air field for years, and commits to provide excellent and diversified solutions to global customers. Based on this transaction, there is potential for mutual strategic cooperations in multifaced respects including Zisun would start to provide a good deal of high quality filtration material to assist MANN+HUMMEL Group value-added in brand, worth and business of new-energy automobile and EV market, and, at the same time Zisun’s material advantage can be promoted worldwide and brand story can be realized, which a good gesture to try to provide best quality and service and satisfaction on various applications to global market.
U-Air worked in air filtration field for years with much stronger competitiveness in technical and advanced quality and manufacturing process than any other players, particularly U-Air has sufficient experience in High-Tech industry, agriculture and livestock farming industry.
MANN+HUMMEL Group and Zisun share similar ideas concerning vision and mission. Providing and enabling cleaner air is a priority for both companies. Apart from the acquisition of majority share in U-Air, both companies will bring their respective technologies to the table to explore further opportunities of co-development, co-testing, co-production and co-marketing on related products. Zisun will proceed to provide comprehensive solutions for Cleaner Air and Lower Energy Consumption. MANN+HUMMEL Group intends to expand its air filtration business and strengthen its presence in China and South East Asia through material and services provided by Zisun. This will improve the availability of MANN+HUMMEL Group’s air filtration products and be good for serving customers globally. In consideration of above, Zisun is willing to sell 70% of U-Air share to MANN+HUMMEL Singapore, which ultimate acquirer actually is MANN+HUMMEL Group.
Zisun and MANN+HUMMEL Group will work together on innovating and developing Clean Air products, extending U-Air’s application and further improving the scale and technology strength of JV, meanwhile helping each other in material supplying, brand complementarity, technology resource sharing and segmented market positioning to satisfy customers with highest level service and best products.
“U-Air is very well positioned in the attractive and fast-growing filtration market. Together, both companies will be able to expand their production capacities and to serve customers even faster with products at the highest level. Meanwhile, for Zisun, this transaction will boost business configuration in New Energy Vehicles and enhance brand value, and it’s also a good opportunity to serve excellent vehicle producer globally.” said Hat Guo, Board Chairman of Zisun group.
“就像我们成功服务了几十年高速发展的中国汽车市场一样，空气过滤行业如今在中国也日益增长。我们的客户期望得到更快的交货和更高的产品标准。我们也期待与悠远环境一起开拓进军新市场。”曼胡默尔集团总裁兼首席执行官 Kurk Wilks说道。
“Just like the automotive market that we successfully serve for decades, the air filtration industry is on the rise in China. Our customers expect even faster deliveries and the highest product standards. We look forward to tapping into new industries and to moving forward with U-Air,” said Kurk Wilks, President and CEO of the MANN+HUMMEL Group.