Deal Details

Sale to Colfax Corporation

---

Summary

About

GCE Group AB (“GCE” or the “Company”), a portfolio company of Argan Capital (“Argan”), was recently acquired by Colfax Corporation (“Colfax”) (NYSE:CFX).

GCE is a leading provider of gas flow control equipment and solutions used for critical applications in the industrial, healthcare and scientific & research end-markets. The Company has almost 100 years of experience in the gas industry and was formed by the merger of the gas equipment activities of two of the world's largest industrial gas companies, AGA (a subsidiary of the Linde group) and ESAB AG. GCE is highly recognized for its market leading brands (e.g. Charledave, Kayser, Krass, Druva) and its strong innovation capabilities. GCE supplies a diversified customer base including major international gas companies and a worldwide network of distributors, installers and homecare providers. The Company is headquartered in Malmö, Sweden and has a global manufacturing footprint with facilities in the Czech Republic, the United Kingdom and China.

Argan Capital is an independent European private equity fund focused on acquiring and developing European mid-market companies in the industrial, services and consumer sectors. Active in the European private equity market for over 20 years, the team has a strong track record of successful pan-European investments. Argan is headquartered in London, the United Kingdom, with an additional office in Warsaw, Poland.

Colfax Corporation is a leading diversified industrial technology company that provides air and gas handling and fabrication technology products and services to customers around the world under the Howden and ESAB brands. Colfax believes that its brands are among the most highly recognized in each of the markets that it serves. Colfax is headquartered in Annapolis Junction, Maryland.

---

CONTACT US TO LEARN MORE