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Colfax makes binding offer to acquire Fläkt Woods' GII business for EUR 193M

Colfax Corporation announced that it has made a binding offer to acquire the Global Infrastructure and Industry, or GII, business of Fläkt Woods Group, subject to certain conditions. The transaction would value GII at EUR 193M, including the assumption of debt. With approximate revenues of $225M and EBITDA of $27M 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.