Henkel acquired the U.S.-based Critica Infrastructure, a specialized supplier of maintenance, repair, and overhaul (MRO) composite solutions. These are used in the world’s most critical infrastructure such as oil and gas transmission, as well as municipal water supply systems. Critica is active in many countries with a strong focus on North America and is expected to reach sales of around €100 million in 2023.
With crumbling infrastructure and the increasing importance of sustainability, demand for repair solutions that extend asset life are becoming necessary. Henkel has been expanding its portfolio for MRO solutions over the past years, but the acquisition of this adjacent business adds a large, innovative, and certified portfolio of composite repair and reinforcement products for the industrial and municipal infrastructure market.
“As part of our strategic growth agenda, compelling acquisitions play a key role in actively shaping our portfolio. This transaction is an important step to significantly strengthen our maintenance, repair, and overhaul portfolio in a dynamically growing market by expanding our offering through innovative solutions in adjacent application areas. Our aim is to create a new platform that will enable us to add further adjacent businesses, stimulate further growth and enhance our position as global leader in the adhesive technologies market,” said Carsten Knobel, CEO, Henkel.
“We are excited about the opportunity to add this strong innovative portfolio of fast-growing and highly profitable MRO solutions to our Adhesive Technologies business. It is a strong strategic fit to our existing portfolio, adding highly complementary repair solutions, which clearly contribute to shaping the sustainability megatrend. The transaction will enable us to create a growth platform for our MRO business, giving us access to leading maintenance service providers and contractors as well as pioneering and certified technologies for critical infrastructure,” said Mark Dorn, executive vice president, Henkel Adhesive Technologies.