Celeros FT Sells Filtration Business to PX3
Technology

Celeros FT Sells Filtration Business to PX3

Celeros Flow Technology (Celeros FT) has successfully finalised the sale of its Filtration business unit to PX3 Partners, a London-headquartered private equity firm. This strategic move, initiated through a definitive agreement in May, officially took effect on October 2, 2023. Celeros FT, managed by funds affiliated with Apollo, is now poised to advance its strategic vision as a global leader in new energy and defence solutions.

The filtration business, now under new ownership, will be rebranded as Cleanova. Celeros FT is committed to focusing on the acceleration of its flow control solutions, reinvesting in its business, and workforce, and pursuing strategic acquisitions that align with its core strengths.

Jose Larios, President and CEO of Celeros Flow Technology, expressed his pride in the accomplishments of the Filtration group's management team and employees, wishing them success as they embark on their journey under new ownership. He emphasised that this development allows Celeros FT to concentrate on providing top-tier engineered solutions with its pump, valve, and closure products, contributing to a secure, low-emissions energy future.

Larios outlined Celeros FT's broader commitment to addressing environmental, societal, and governance challenges. He also expressed optimism about the industry's prospects, underlining the importance of dedicated, experienced teams in solving complex energy problems.

He praised the dedication and experience within Celeros FT's brands and its global team members, positioning the company for sustained growth in the coming years.

The transaction's success was attributed to the hard work of Celeros FT's teams, advisors, and business partners, according to Larios.

BofA Securities served as the financial advisor, Ernst & Young as the tax advisor, and Eversheds Sutherland as legal counsel to Celeros Flow Technology during the sale of the Filtration business.

Celeros Flow Technology (Celeros FT) has successfully finalised the sale of its Filtration business unit to PX3 Partners, a London-headquartered private equity firm. This strategic move, initiated through a definitive agreement in May, officially took effect on October 2, 2023. Celeros FT, managed by funds affiliated with Apollo, is now poised to advance its strategic vision as a global leader in new energy and defence solutions. The filtration business, now under new ownership, will be rebranded as Cleanova. Celeros FT is committed to focusing on the acceleration of its flow control solutions, reinvesting in its business, and workforce, and pursuing strategic acquisitions that align with its core strengths. Jose Larios, President and CEO of Celeros Flow Technology, expressed his pride in the accomplishments of the Filtration group's management team and employees, wishing them success as they embark on their journey under new ownership. He emphasised that this development allows Celeros FT to concentrate on providing top-tier engineered solutions with its pump, valve, and closure products, contributing to a secure, low-emissions energy future. Larios outlined Celeros FT's broader commitment to addressing environmental, societal, and governance challenges. He also expressed optimism about the industry's prospects, underlining the importance of dedicated, experienced teams in solving complex energy problems. He praised the dedication and experience within Celeros FT's brands and its global team members, positioning the company for sustained growth in the coming years. The transaction's success was attributed to the hard work of Celeros FT's teams, advisors, and business partners, according to Larios. BofA Securities served as the financial advisor, Ernst & Young as the tax advisor, and Eversheds Sutherland as legal counsel to Celeros Flow Technology during the sale of the Filtration business.

Next Story
Infrastructure Urban

Budget 2025: Key Highlights

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term.Sitharaman emphasised that the budget focuses on driving growth towards a “Viksit Bharat” (Developed India), with the country maintaining its position as the fastest-growing major economy. She outlined the government’s commitment to inclusive development, im..

Next Story
Infrastructure Urban

Budget 2025-26: Industry reactions

Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage.Here’s what industry has to say about various announcements and initiatives announced in the budget:Real Estate“The Union Budget 2025 is a game-changer, reinforcing India's commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with Rs 15,000 crore will accelerate the completion of stalled housing projects, b..

Next Story
Infrastructure Urban

Budget 2025: Key Announcements Impacting Real Estate

Key takeaways for the real estate sector include:• Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will retain nearly 50 per cent of existing provisions while introducing personal tax reforms and rationalising TDS and TCS regimes by streamlining rates and thresholds.• Tax benefits for residential property investors: Investors can now claim nil valuation for..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000