Private equity fund Argan Capital has signed an agreement to divest GCE Group to ESAB, which is a global leader in the welding industry and part of Colfax Corporation. The transaction is subject to customary competition approval.
GCE Group is Europe’s leading gas equipment company, and the product portfolio includes a wide range of applications, from pressure regulators and welding nozzles for welding and cutting to sophisticated gas supply for medical and electronic industries. GCE Group is headquartered in Malmö, and the main production sites are located in the Czech Republic and China.
Argan Capital was advised by Mannheimer Swartling in the transaction.