The £9.10 per Charter share offer is comprised of £7.30 in cash and a fixed ratio of 0.1241 Colfax common shares per Charter share.
 
Charter’s Howden division, which focuses on air and gas handling, will complement and extend Colfax’s existing fluid handling business and Charter's ESAB business, which provides welding and cutting solutions, will become the foundation of a new growth platform for Colfax.
 
“This is a transformational acquisition for Colfax that accelerates our growth strategy, enhances our business profile and continues our journey to becoming a premier global enterprise,” said Colfax chairman Mitch Rales.
 
“Charter International, with its global brands, is an excellent strategic fit that will significantly enhance our position in emerging markets, create an even balance of short- and long-cycle businesses and grow our aftermarket revenues,” said Clay Kiefaber, Colfax president and CEO. “Howden will be a great complement to our existing specialty fluid handling business and ESAB will be the nucleus of a new growth platform. In addition, we believe the application of the Colfax Business System will drive meaningful operational improvements.”