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Miura sells GH Electrotermia to ParkOhio for about $31 million

ParkOhio has acquired Valencia, Spain-based GH Electrotermia S.A., a maker of induction heating equipment and heat treat solutions from Miura Private Equity. The price of the acquisition was about $31 million. GH is a leader in the design, manufacturing and testing of induction heating equipment and heat treat solutions. GH operates through its locations in Spain, India, Germany, China and New York. With over 4,000 machines installed worldwide, GH machines are used for hardening, tempering, and annealing for various industrial applications. This acquisition strengthens ParkOhio’s Ajax Tocco Magnethermic’s position as the global leader of induction products and adds key technologies to an already diverse portfolio of induction hardening capabilities. ATM’s worldwide network of customer service centers and leading induction technologies are expected to increase the sales of GH’s equipment and enhance GH’s global parts and service business.

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M&A,PE Deals,ParkOhio,GH Electrotermia S.A.,Miura Private Equity,Heating Equipment,Manufacturing,Spain,Private Equity Deals,PE Exit,Private Equity Exit,Mergers & Acquisitons