Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, agreed to acquire Babcock Wanson, a provider of industrial process heating equipment, from FCDE, a private equity firm. Financial terms were not disclosed. "This transaction is an important step for the development of our Group and we are excited to pursue the growth project of our company with the support of Kartesia. Since 2016, FCDE has accompanied Babcock Wanson in its carve out from the Groupe CNIM and in its transformation project, providing the needs to match up the Group’s desired expansion. The strengthening of Kartesia’s stake in our Group will bring additional means to accelerate our development pace both organically and through external growth transactions," Cyril Fournier-Montgieux, Babcock Wanson CEO.