Edition:
United States

Colfax To Sell Air And Gas Handling Business For Enterprise Value Of $1.8 Bln


Thursday, 16 May 2019 06:30am EDT 

May 16 (Reuters) - Colfax Corp::COLFAX ANNOUNCES AGREEMENT TO SELL ITS AIR AND GAS HANDLING BUSINESS TO KPS CAPITAL PARTNERS FOR ENTERPRISE VALUE OF $1.8 BILLION.PROPOSED DEAL FOR FOR ENTERPRISE VALUE OF $1.80 BILLION.COLFAX CORP - DEAL FOR ENTERPRISE VALUE OF $1.80 BILLION.AIR & GAS HANDLING UNIT HAD ABOUT $90 MILLION OF SEGMENT OPERATING PROFIT AND $200 MILLION OF ADJUSTED EBITDA IN TWELVE MONTHS ENDED MARCH 29, 2019.TO SELL AIR AND GAS HANDLING BUSINESS FOR ENTERPRISE VALUE OF $1.80 BILLION, INCLUDING $1.66 BILLION IN CASH CONSIDERATION.EXPECTS TO REPORT AIR & GAS HANDLING BUSINESS AS A DISCONTINUED OPERATION IN ITS FUTURE RESULTS.