Colfax Corp. is continuing its growth after agreeing to a $205 million deal to acquire a business unit from German conglomerate Siemens AG. Annapolis Junction-based Colfax will acquire the Siemens Turbomachinery Equipment GmbH (STE) business unit in an all-cash deal expected to close in the fourth quarter. STE makes compressors and small steam turbines for environmental and industrial applications. STE had sales of $154.1 million in its fiscal year ending in September 2016. Colfax, a manufacturer…
from http://www.bizjournals.com/baltimore/news/2017/03/08/colfax-to-acquire-business-unit-from-siemens-ag.html?ana=RSS%26s=article_search
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