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Demag - Neuman & Esser

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P<br />

P C TM<br />

These international customers will be primarily serviced<br />

by their local NEAC Compressor Service locations that<br />

already provide their support for all of the existing<br />

NEUMAN & ESSER product lines.<br />

Since PENN compressors were typically built to API 618<br />

design requirements, most of these compressors are<br />

found in downstream applications in oil refining, chemicals,<br />

air separation, and the food and beverage industries.<br />

Currently, it is estimated that approximately 3,000<br />

of these compressors are still active worldwide with<br />

approximately 1,000 different customers.<br />

Brian Bertelsen, President of NEAC USA, commented,<br />

"The PENN acquisition is a great fit for our US operation.<br />

This product is very similar to the Chicago<br />

Pneumatic line so we should have a smooth<br />

transition and be able to step right in to<br />

meet our new PENN customers’ needs.<br />

We will add a significant number of<br />

machines to our active compressor<br />

population and the PENN product<br />

will allow us to demonstrate<br />

the NEA GROUP’s expertise<br />

and capabilities to<br />

some new customers<br />

as well."<br />

This take-over will certainly<br />

not be the last<br />

addition to the portfolio,<br />

for as long as the<br />

compressor market<br />

remains in a continual<br />

state of development<br />

and change, NEA<br />

GROUP will continue<br />

to seek out opportunities<br />

to build on its market<br />

position as a global<br />

player and its reputation<br />

for quality and customer<br />

service in compressor<br />

technology.

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