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Colfax acquires Roots Blowers & Compressors

May 20th, 2015

Colfax (NYSE: CFX) announced that it acquired the Roots(TM) blowers and compressors business unit (“Roots”), also known as Industrial Air & Gas Technologies , from GE Oil & Gas for a cash consideration of $185 million.

This business serves customers in the water treatment, chemical production, and power generation markets and will strengthen the Howden Business.

The stock price remained rather unimpressed as this is a rather small acquisition for Colfax. But investors should wait for more to come within the next months!

 

 

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