# Colfax to buy Siemens Turbomachinery Equipment GmbH for €195 million

Colfax Corp entered a binding agreement to purchase Siemens Turbomachinery Equipment GmbH from Siemens AG for €195 million.

- Type: Acquisition
- Announced: 2017-03-01
- Where: Germany
- Value: $208.0M (195.0M EUR)
- Status: announced
- Products: turbomachinery, compressors
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (partner)
- [Colfax](https://endata.com/companies/1017.md) (acquirer)
- [Siemens Turbomachinery Equipment GmbH](https://endata.com/companies/1018.md) (target)

## Sources

- [doi.org](https://doi.org/10.1016/s1359-6128(17)30109-x), 2017-03-01: "Colfax Corp has entered into a binding agreement to purchase Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG in a €195 million deal."
- [baltimore.citybuzz.co](https://baltimore.citybuzz.co/article/406761/colfax-to-acquire-siemens-turbomachinery-equipment-gmbh-for-195m), 2017-03-08: "Colfax Corporation... today announced that it has entered into a binding agreement to acquire Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG for a cash consideration of approximately €195 million."
- [globenewswire.com](https://www.globenewswire.com/news-release/2017/03/08/933348/0/en/colfax-announces-acquisition-of-siemens-turbomachinery-equipment-gmbh.html), 2017-03-08: "Colfax Corporation (“Colfax”) (NYSE: CFX)... entered into a binding agreement to acquire Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG."
- [pumpsandsystems.com](https://www.pumpsandsystems.com/colfax-acquiring-siemens-turbomachinery-equipment-gmbh/), 2017-03-08: "The acquisition expands our end markets and product portfolio in environmental and industrial markets worldwide."
- [worldpumps.com](https://www.worldpumps.com/content/news/pumps-mergers-acquisitions-review-q1-2017), 2017-04-11: "Colfax Corp entered into a binding agreement to purchase Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG in a €195 million deal."

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