Announced
Financials
Sources
Tags
Italy
Industrial Machinery Manufacturing
Machinery: Industrial
Acquisition
Cross Border
Majority
Private
Private Equity
Venture Capital
Pending
Friendly
Single Bidder
Synopsis
PX3 Partners, a venture capital firm, agreed to acquire Cofimco, a global supplier of aeration solutions designed for demanding industrial cooling applications, from Chart Industries, a global manufacturer of equipment used in the production, storage, and end-use of hydrocarbon and industrial gases. Financial terms were not disclosed. “Following our investment in Filtration, we are thrilled to announce the acquisition of Cofimco, a global leader in air movement and engineered cooling solutions. We look forward to collaborating with Cofimco's management team to grow the company's presence internationally and accelerate its exposure to growth areas related to clean technologies, including carbon capture and renewable energy. The acquisition aligns perfectly with our investment strategy, our situational differentiation and our commitment to investing in high-quality companies with passionate teams and significant transformational growth potential," PX3 Partners.
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