Private equity firm KPS Capital Partners completed $1.8bn acquisition of Howden, a global provider of mission-critical air and gas handling products and services to the industrial, power, oil & gas, and mining industries, from Colfax, an American corporation manufacturing welding, air, and gas handling equipment. “We are excited about our future as an independent company under KPS’ ownership. KPS is an ideal partner, given its demonstrated track record of recognizing and growing world-class industrial companies. KPS’ commitment to continuous improvement, its global network, access to capital and significant resources will enable us to continue to grow our business and provide our customers with market-leading products and solutions,” Ian Brander, Howden Chief Executive Officer.