Change of ownership of Ammeraal Beltech and Megadyne Group

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.