Investing.com -- Triton Partners is close to finalizing an agreement to acquire Flender GmbH from Carlyle Group Inc. in a transaction valued at approximately €3 billion ($3.5 billion), according to Bloomberg News, citing people familiar with the matter.
The European buyout firm is working through final details of the purchase and could announce the deal this week, the people said. They requested anonymity as the discussions remain confidential.
Flender provides mechanical and electrical drive technology. Carlyle had previously considered a public listing for the company but accelerated the sale process this year, the people said.
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