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Triton buys GEA heat exchange business

Apr 16, 2014 - The Deal Pipeline
Mergers and Acquisitions

Private equity shop Triton Advisers Ltd. agreed Wednesday to buy the heat exchangers unit of Germany's GEA Group AG but said it had no plans to merge the purchase with related assets it has arranged to buy from Alstom SA .

Frankfurt-based Triton put the enterprise value of the GEA business at Euro1.3 billion ($1.8 billion). Triton's April 1 deal with France's Alstom was worth Euro730 million and included a number of products for the energy industry, including gas-gas heaters and gas pr...