# Essentra acquires 49% minority stake in Filters joint venture for £11.6m

Essentra plc acquired the 49% minority interest in its Filters joint venture, Essentra (MEA) Pte. Ltd, from Aberdeen International FZE for £11.6 million, gaining full ownership of Essentra FZE in Dubai.

- Type: Acquisition
- Announced: 2019-03-19
- Where: Dubai, United Arab Emirates
- Value: $15.2M (11.6M GBP)
- Status: completed
- Products: special filters
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Essentra plc](https://endata.com/companies/9394.md)
- [Aberdeen International FZE](https://endata.com/companies/38090.md) (target)
- [Essentra (MEA) Pte. Ltd](https://endata.com/companies/38091.md) (target)
- [Essentra FZE](https://endata.com/companies/38092.md) (target)

## Sources

- [directorstalkinterviews.com](https://www.directorstalkinterviews.com/essentra-plc-acquisition-of-minority-stake-in-filters-division/412769893), 2019-03-19: "100% ownership of Essentra FZE will allow the Company to further invest in additional capacity and to introduce new processes and products in Dubai"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.