# 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.

- Type: Acquisition
- Announced: 2018-01-31
- Where: Magenta near Milano, Italy
- Status: announced
- Products: heat transfer products, engineered solutions for conventional and nuclear power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [Mutares](https://endata.com/companies/6466.md) (investor)
- [Balcke-Dürr Group](https://endata.com/companies/29749.md) (acquirer)
- [STF](https://endata.com/companies/29750.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/mutares-italy-signs-first-transaction-with-add-on-acquisition-for-balcke-durr-group/), 2018-01-31: "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."
- [financecommunity.it](https://financecommunity.it/mutares-italy-alla-prima-acquisizione-in-italia/), 2018-02-02: "Si tratta della prima transazione di Mutares in Italia da quando la holding company ha aperto la sua sede a Milano nel giugno 2017."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.