Deals
GEA to Sell Heat-Exchangers Unit for $1.8 Billion to Triton
This article is for subscribers only.
GEA Group AG agreed to sell its heat-exchangers unit to private-equity firm Triton Advisers Ltd. at an enterprise value of 1.3 billion euros ($1.8 billion) and will use the proceeds for purchases as it focuses on food-processing equipment.
The agreement was signed today, and the transaction is subject to antitrust approvals, Dusseldorf, Germany-based GEA said in a statement. GEA shares surged the most in five years.