Market Overview

Colfax Announces Binding Offer to Acquire Fläkt Woods Group's Global Infrastructure and Industry Business

Colfax Corporation ("Colfax") (NYSE: CFX), a leading global manufacturer of gas- and fluid-handling and fabrication technology products today announced that it has made a binding offer to acquire the Global Infrastructure and Industry ("GII") business of Fläkt Woods Group, subject to certain conditions.  The transaction would value GII at €193 million, including the assumption of debt. With approximate revenues of $225 million and EBITDA of $27 million over the last twelve months, GII has operations around the world and is a pre-eminent supplier of industrial fans and related products.  The acquisition would complement the geographic and end-market footprint of Colfax's Howden business, as well as extend Howden's product portfolio into new segments and applications. In making the announcement, Steve Simms, President and Chief Executive Officer of Colfax, stated, "GII is exactly the type of acquisition we look for.  It's a great strategic fit, extending Howden's reach into some key long-term markets, and expanding our product bundle into new segments and technologies.  In addition, it offers numerous opportunities

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Posted-In: News Guidance Contracts Management M&A Global

 

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