Celeros Movement Engineering finalises sale of its filtration enterprise

Celeros Movement Technological innovation has finalised the sale of its filtration small business device to London headquartered non-public equity organization, PX3 Associates (PX3).

Celeros FT entered into a definitive agreement to market its filtration business in May perhaps 2023 and has reached this milestone with the sale powerful 2 October 2023. Celeros FT is held by funds managed by affiliates of Apollo.

Cleanova will be the new name for the filtration organization. With the transaction now concluded, Celeros FT will continue to be targeted on accelerating the strategic transformation of its top movement regulate answers by reinvestment in the enterprise, its staff, and the pursuit of strategic acquisitions that complement its core strengths.

Jose Larios, President and CEO of Celeros Move Technology, commented: “We are really very pleased of the filtration group’s management group and employees for their quite a few accomplishments, and want them all a good deal of results as they build a filtration champion with their new possession group. This signifies a pivotal part of our journey at Celeros FT, as it permits us to target on providing premier engineered answers with our pump, valve and closure goods that assistance our buyers construct a secure, low-emissions electrical power upcoming. Our groups all-around the environment have been doing work tricky to transform our enterprise to be the leading partner in the nuclear, defence, carbon seize and conventional vitality markets by way of our substantial technologies remedies.”

Examine the write-up on the net at: https://www.hydrocarbonengineering.com/clean up-fuels/13102023/celeros-movement-technology-finalises-sale-of-its-filtration-business enterprise/