Balcke-Dürr Group to acquire HTP division of STF

Balcke-Dürr Group, a Mutares subsidiary, signed an agreement to purchase the Heat Transfer Product division of STF from the Trifone family. The unit is based in Magenta, Italy, and supplies engineered solutions to the power industry. Closing is expected by June 2018.

“Balcke-Dürr Group, which produces and services components to increase energy efficiency and reduce emissions for the energy sector and chemical industry, signs an agreement to acquire the HTP division of STF.”mutares.com

• 2 sources
• mutares.comMutares Italy signs first transaction with add-on acquisition for Balcke-Dürr Group - Mutares SE & Co. KGaAWordPress ServiceJan 31, 2018
• financecommunity.itMutares alla prima acquisizione in Italia, è la divisione Htp di Stf - FinancecommunityNoemiFeb 2, 2018

Summarized from public sources; check the original articles before acting on it.