Celeros Flow Technology finalises sale of its filtration business

Celeros FT entered into a definitive agreement to sell its filtration business in May 2023 and has reached this milestone with the sale effective 2 October 2023. Celeros FT is held by funds managed by affiliates of Apollo.

Cleanova will be the new name for the filtration business. With the transaction now concluded, Celeros FT will remain focused on accelerating the strategic transformation of its leading flow control solutions through reinvestment in the business, its employees, and the pursuit of strategic acquisitions that complement its core strengths.

Jose Larios, President and CEO of Celeros Flow Technology, commented: “We are very proud of the filtration group’s management team and employees for their many accomplishments, and wish them all a great deal of success as they build a filtration champion with their new ownership group. This represents a pivotal part of our journey at Celeros FT, as it enables us to focus on providing premier engineered solutions with our pump, valve and closure products that help our customers build a secure, low-emissions energy future. Our teams around the world have been working hard to transform our business to be the leading partner in the nuclear, defence, carbon capture and traditional energy markets through our high technology solutions.”

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/13102023/celeros-flow-technology-finalises-sale-of-its-filtration-business/