Navis Capital Agrees to Sell Trio Engineered Products to Weir Group for US$220 Million (Asia)
Source: Business Development Asia
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to sell China-based Trio Engineered Products to London Stock Exchange-listed engineering company Weir Group for an enterprise value of US$220 million. Trio is a global provider of crushing, screening, washing and conveying equipment to the mining, recycling and mineral industries. The transaction is subject to certain closing conditions and is anticipated to take place by the end of October 2014.