TPT May 2014

Industry News

Colfax acquires Victor Technologies PRIVATE equity firm Irving Place Capital (IPC) and Victor Technologies have entered into a definitive agreement to sell Victor to Colfax Corporation, a global manufacturer of gas- and fluid-handling and fabrication technology products. The all cash transaction values Victor at approximately $947mn, including the assumption of debt, and is subject to customary closing conditions. Victor is a designer and manufacturer of a comprehensive suite of metal cutting, gas control, and speciality welding products. IPC acquired Victor, which was previously named Thermadyne Holdings Corporation, in a private transaction in December 2010. “We are pleased with the progress that we have made in partnership with Irving Place Capital over the past several years as we have built Victor into a stronger company with a greater presence in key global markets and an improved offering for our customers,” stated Martin Quinn, CEO of Victor. “We are excited to work with the team at Colfax to maintain this positive momentum and continue to build on the Victor team’s accomplishments.” Since 2010, Victor’s management team, with the support of IPC and its dedicated resources, has executed numerous strategic initiatives, including maximising the efficiency of Victor’s global manufacturing footprint, consolidating Victor’s brand portfolio, accelerating new product development, and executing strategic acquisitions. In July 2012, Victor acquired Robotronic Oy, the parent company of ProMotion Controls, Inc, a manufacturer of advanced controls used in plasma cutting, and in October 2013, Victor acquired Gas-Arc Group, Ltd, a designer and manufacturer of gas control equipment in the UK.

Bending to perfection.

Boiler & Power High Performance

Heavy Duty

Tube and Pipe Bending Machines Perfect Solutions We are one of the world’s leadingmanufacturers of tube cold bendingmachines for tube diameters of 4mm - 420mm.  Boiler & Power Machines for Power Plants  High Performance Machines for Serial and Large-scale Mass Production of Tubes and Pipes  Heavy Duty

111

Machines for Plant Construction, Shipbuilding and Offshore Industry

Anniversary 1903 – 2014

Victor Technologies – USA Website: www.victortechnologies.com

Olicana expands OLICANA Products Ltd, a tube bending specialist, is celebrating getting the keys for buildings adjacent to its existing premises in Ilkley, UK, following successful purchase. Rupert Pearson, managing director, commented that the premises “will increase manufacturing space by 30 per cent and allow the current workforce to expand and provide greater efficiency in terms of production.”

Olicana Products Ltd – UK Fax: +44 1943 816298 Website: www.olicana.com

www.schwarze-robitec.com · sales@schwarze-robitec.com

20

www.read-tpt.com

M ay 2014

2014_03 TPT Schwarze-Robitec Ad Issue May 87x260 final.indd 2

10.03.2014 11:18:41