Colfax relentlessly continues to grow by acquistions!
February 13th, 2014
This company is restless. Just some days ago Colfax Corp. (NYSE: CFX) released its FY 2013 earnings results.
Today they announced another major acquisition to complement the ESAB business. They are buying Victor Inc., a pre-eminent global manufacturer of cutting, gas control and specialty welding solutions.
The seller agreed to sell Victor for $ 947 million in cash.
At the same moment BDT Partners has converted its preferred shares of Colfax to common stock.
As a part to finance the deal Colfax announced a public offering of its own common stock.
So once again busy times are ahead for the integration and optimization expert team of Colfax applying their Colfax Business System “CBS” tools!
This company remains a buy on any weakness!
Categories: Stocks / Aktien