KPS Capital Partners acquisition of Howden
Monday, 30 September 2019
KPS Capital Partners completes acquisition of Howden
We are pleased to announce that on the 30th September 2019, KPS Capital Partners completed the acquisition of Howden from Colfax Corporation. KPS Capital Partners is a leading global private equity firm and has a great track record of successfully investing in manufacturing and industrial companies around the world.
KPS is committed to accelerating Howden’s already substantial investments in research and development, technology and new product development and supporting Howden’s continued growth. You can find a quote from Raquel Palmer, Co-Managing Partner of KPS, in the news article regarding the announcement of the intent to purchase Howden
Since Colfax acquired Howden in 2012, we have dramatically transformed the business, repositioned and diversified in changing markets while creating growth in many new applications. Our growth has been supported by a number of complementary acquisitions including Roots Blowers
, Siemens Turbomachinery Equipment
, Flaktwoods fans, Ventsim mining software and the development and launch of new products such as the Easyair Turbo
and our world-leading digital solutions product Howden Uptime
. We wish Colfax great success in the future, as we enter the next chapter of Howden’s history
We are excited about our future as an independent company under KPS’ ownership. KPS is an ideal partner, given its demonstrated track record of recognising and growing world-class industrial companies. Howden is a business growing strongly through innovation, the expertise of our people and global capability. KPS’ commitment to continuous improvement, access to capital and significant resources will enable us to further grow our business and provide our customers with market-leading products, solutions and service.
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