Chart Industries has closed the sale of engineered air moving solutions specialist Cofimco to PX3 Partners, a London-based private equity form.
The US-based cryogenic equipment manufacturer sold Cofimco for an all-cash purchase price of approximately $80m.
Headquartered in Italy, Cofimco designs and manufacturers axial cooling fans and related services. The company’s products are deployed in a wide range of end markets, including energy, power generation, and LNG.
Chart Industries said it will remain a customer of Cofimco following the transaction.
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