KPS to buy Colfax's Howden for $1.8 bln

KPS Capital Partners said May 16 that it agreed to buy Howden from Colfax Corp for $1.8 billion. The deal includes $1.66 billion in cash and $0.14 billion in assumed liabilities and minority interest. Howden, of Glasgow, Scotland, provides mission critical air and gas handling products and services to the industrial, power, oil & gas, and mining industries.

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