Yara Acquires German Company Specialized in Marine Air Pollution Reduction Technology
Oslo (2014-01-13): Yara strengthens its position in the area of Nitrogen Oxide
(NOx) Emissions Control systems in a strategic move acquiring H+H Umwelt- und
Industrietechnik GmbH, a leader in Marine Selective Catalytic Reduction (SCR)
Technology. Through this acquisition, Yara continues to develop into a global
Emission-to-Air abatement company, building a comprehensive portfolio of NOx
"I am glad to announce that we have signed the agreement with H+H. The H+H
acquisition significantly increases our capacity in the emission to air
reduction market, fitting well with Yara's strategic goals as our air pollution
abatement solutions are a growing part of our business. These cost-effective
solutions make good business sense for our customers, enabling them to comply
with stricter legislative requirements while making a positive impact on their
communities", says SVP and Head of Yara's Industrial segment Mr. Yves Bonte.
H+H Umwelt- und Industrietechnik GmbH designs and provides SCR exhaust gas
treatment systems for the reduction of NOx emissions from marine engines and
stationary land engines. Founded in 1998, H+H is based in Hargesheim, Germany
and Â has over 1200 installed SCR units in activity around the world.
Strengthening Yara's NOx Reduction Solution Portfolio
H+H is the market leader in marine SCR technology, while Yara isÂ the world
leader in SNCR technology for stationary industrial plants. "There are clear
synergies in bringing together technological know-how with Yara's expertise and
scale in reagent production and supply, enabling Yara to provide customers with
a complete portfolio of NOx reduction solutions. This acquisition represents a
firm step towards becoming a global provider of environmental solutions,
including NOx reduction for diesel vehicles, industrial plants and now ships,"
For H+H Managing Partner Michael Heck, "the deal enables us to better serve
existing customers. With Yara's expertise we can be even better positioned to
help customers around the world achieve their environmental targets in a
reliable and cost-effective manner."
A Cost-effective Solution to a Major Air Pollution Problem
NOx emissions result from the combustion of fossil fuels and are a major source
of local air pollution in urban areas and ports. NOx causes acid rain, and
reacts with volatile organic compounds (VOCs) to cause smog, causing respiratory
diseases such as asthma and emphysema, and can aggravate heart disease and lead
to premature death.
Yara creates global impact by offering solutions to tackle air pollution caused
by nitrogen oxide emissions. Creating Impact is Yara's overarching business
strategy, enabling the company to create value for its shareholders, the
environment and society at large.
Thor GiÃ¦ver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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