India, Aug. 13 -- Apollo Global Management Inc. or Apollo Funds (APO) announced on Wednesday that they have agreed to acquire a majority stake in Kelvion, a global provider of energy-efficient heat exchange and cooling solutions, from Triton. Apollo Funds added that Triton will retain a minority interest in the company.
Apollo Funds said that Germany-based Kelvion has a strong reputation in thermal management across a wide range of industrial and high-growth end markets. Since acquiring and rebranding the company in 2014, Triton has overseen a strategic transformation focused on High Tech and Green Tech sectors and operational improvements.
The transaction is subject to customary closing conditions, including regulatory approvals, and is ...