Triton considering sale of Kelvion
4th February 2025
GERMANY: Private equity firm Triton Partners is reported to be considering a sale of German heat exchanger products manufacturer Kelvion.
The financial website Bloomberg reports that Triton has enlisted Morgan Stanley and Guggenheim Partners to assess potential buyers in a deal that could be valued at over €2bn.
Triton acquired the former GEA Heat Exchanger division in 2014 for €1.3bn. The deal comprised 13 companies, including UK businesses Searle and Denco and the German refrigeration companies Kuba and Goedhart.
The Searle, Goedhart and Kuba businesses were renamed Kelvion in 2015.
Related stories:
Kelvion to cease production in Fareham – 13 September 2024
UK: Heat exchanger product manufacturer Kelvion is to cease manufacturing at its UK factory in Fareham, bringing to an end 67 years of refrigeration production at the site. Read more…
Kelvion to close former Küba factory – 25 October 2016
GERMANY: Kelvion has announced it is to wind down production and close its Kelvion Refrigeration GmbH factory in Baierbrunn. Read more…
Fläkt Woods and DencoHappel merge – 13 October 2016
GERMANY: Fläkt Woods has been merged with DencoHappel following the completion of its acquisition by investment group Triton. Read more…
Kelvion’s owner buys Fläkt Woods – 21 June 2016
GERMANY: Investment group Triton, owner of heat exchanger company Kelvion, has signed an agreement to acquire Fläkt Woods. Read more…
GEA sells heat exchanger interest for €1.3bn – April 16, 2014
GERMANY: GEA has sold its heat exchanger business to private equity firm Triton for €1.3bn. Read more…
