Partners Group, the global private markets investment manager, who recently agreed to acquire Ammeraal Beltech from Advent International, has just announced that they have agreed to acquire Megadyne Group, a leading manufacturer of power transmission belts, from Astorg.
Once the acquisitions of Ammeraal and Megadyne have closed later this year, subject to anti-trust clearances and other regulatory approvals, Partners Group would in a next step plan to support a merger of the two companies, which have highly complementary product and service offerings.
You can read the full Press Release from Partners Group by visiting their website.