Press Release - NGI Acquisition

We are pleased to announce that Habasit Holding AG (‘Habasit’) has acquired the majority stakeholding in NGI Holding A/S (‘NGI’) previously held by private equity company Adelis Equity Partners.

Founded in 1946 by Fernand and Alice Habegger and based in Switzerland, Habasit is the world’s leading light conveyor and power transmission belting manufacturer with 30 subsidiaries and over 3800 employees.

Founded in 1991 by Knud Nygaard, NGI is the world’s leading company in hygienic conveyor levelling components, with approximately 100 employees. The Company has a strong reputation for innovative products and deep application knowledge together with high operational excellence and customer intimacy.

By being part of Habasit’s global network, NGI will be able to expand market coverage and product portfolio at an accelerated rate.

At the same time NGI’s expertise in hygiene and conveyor components will allow Habasit to build a broader and more valuable offer for all customers.

NGI will continue to operate as an independent business unit within the Habasit Group. The management of NGI, led by CEO Jan Nygaard, will continue to provide leadership for NGI.