Colfax to buy Victor Technologies for $947M, announces 6.5M-share offering

|About: Colfax Corporation (CFX)|By:, SA News Editor

Colfax (CFX) agrees to acquire Victor Technologies, a manufacturer of cutting, gas control and specialty welding solutions, from Irving Place Capital for $947M, including the assumption of debt.

CFX says it expects the acquisition to be immediately accretive to adjusted EPS and free cash flow.

To finance the deal, CFX will begin a public offering of 6.5M common shares.

CFX -1.5% AH.