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Slide #81. Colfax Corporation — CKD Kompresory
Colfax Corporation (CFX)
Colfax Corporation ("Colfax") (NYSE:CFX), a leading global manufacturer of gas- and fluid-handling and fabrication technology products, today announced that it has entered into a binding agreement to acquire CKD Kompresory a.s., based in Prague, Czech Republic, from CKD Group. The transaction values CKD Kompresory at approximately $57 million, including the assumption of debt, and is expected to close in the fourth quarter following the fulfillment of certain conditions. Upon closing, the business will join the Howden operations and be renamed Howden CKD Compressors s.r.o.
Colfax is a technology company that provides fabrication technology and medical technology products and services to customers around the world mainly under the ESAB and DJO brands. Co. reports its operations through the Fabrication Technology and Medical Technology segments. In its Fabrication Technology segment, Co. formulates, develops, manufactures and supplies consumable products and equipment for use in the cutting, joining and automated welding, as well as gas control equipment. In its Medical Technology segment, Co. develops, manufactures, and distributes medical devices with a range of products used for reconstructive surgery, rehabilitation, pain management and physical therapy.
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