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PX3 to acquire cooling specialist Cofimco

London-based private equity firm PX3 Partners has agreed to acquire Cofimco, a global provider of engineered air moving solutions used in industrial cooling applications, from publicly-listed, US-headquartered Chart Industries.

London-based private equity firm PX3 Partners (PX3) has agreed to acquire Cofimco, a global provider of engineered air moving solutions used in industrial cooling applications, from publicly-listed, US-headquartered Chart Industries.

The transaction represents the second investment from PX3’s inaugural fund.
 
Headquartered in Italy, Cofimco is a designer, manufacturer, and seller of axial cooling fans and related services. Its specialised and bespoke products and services are distributed to a global and diversified customer base across more than 60 countries and support their industrial processes with mission critical heat-control solutions. Cofimco’s products and services are deployed in a wide range of end markets, including energy and power generation, heating, ventilation and air conditioning (HVAC), industrials, and LNG.
  
PX3 will employ its Connected Acceleration value creation model to separate Cofimco from its parent, establish it as an independent company, and pursue a growth strategy driven by further internationalisation, expansion into a broader set of applications, and add-on acquisitions. 

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