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Colfax to sell air and gas unit to PE firm KPS in $1.8 bln deal

May 16 (Reuters) - Welding and valves manufacturer Colfax Corp on Thursday said it had agreed to sell its air and gas handling unit to private equity firm KPS Capital Partners in a deal valued at $1.8 billion.

Reuters had reported on Sunday about the potential deal. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)