Celeros FT Sells Filtration Business to PX3

17 Oct 2023 CW Team

The filtration business, now under new ownership, will be rebranded as Cleanova. Celeros FT is committed to focusing on the acceleration of its flow control solutions, reinvesting in its business, and workforce, and pursuing strategic acquisitions that align with its core strengths.

Jose Larios, President and CEO of Celeros Flow Technology, expressed his pride in the accomplishments of the Filtration group's management team and employees, wishing them success as they embark on their journey under new ownership. He emphasised that this development allows Celeros FT to concentrate on providing top-tier engineered solutions with its pump, valve, and closure products, contributing to a secure, low-emissions energy future.

Larios outlined Celeros FT's broader commitment to addressing environmental, societal, and governance challenges. He also expressed optimism about the industry's prospects, underlining the importance of dedicated, experienced teams in solving complex energy problems.

He praised the dedication and experience within Celeros FT's brands and its global team members, positioning the company for sustained growth in the coming years.

The transaction's success was attributed to the hard work of Celeros FT's teams, advisors, and business partners, according to Larios.

BofA Securities served as the financial advisor, Ernst & Young as the tax advisor, and Eversheds Sutherland as legal counsel to Celeros Flow Technology during the sale of the Filtration business.

Celeros Flow Technology (Celeros FT) has successfully finalised the sale of its Filtration business unit to PX3 Partners, a London-headquartered private equity firm. This strategic move, initiated through a definitive agreement in May, officially took effect on October 2, 2023. Celeros FT, managed by funds affiliated with Apollo, is now poised to advance its strategic vision as a global leader in new energy and defence solutions. The filtration business, now under new ownership, will be rebranded as Cleanova. Celeros FT is committed to focusing on the acceleration of its flow control solutions, reinvesting in its business, and workforce, and pursuing strategic acquisitions that align with its core strengths. Jose Larios, President and CEO of Celeros Flow Technology, expressed his pride in the accomplishments of the Filtration group's management team and employees, wishing them success as they embark on their journey under new ownership. He emphasised that this development allows Celeros FT to concentrate on providing top-tier engineered solutions with its pump, valve, and closure products, contributing to a secure, low-emissions energy future. Larios outlined Celeros FT's broader commitment to addressing environmental, societal, and governance challenges. He also expressed optimism about the industry's prospects, underlining the importance of dedicated, experienced teams in solving complex energy problems. He praised the dedication and experience within Celeros FT's brands and its global team members, positioning the company for sustained growth in the coming years. The transaction's success was attributed to the hard work of Celeros FT's teams, advisors, and business partners, according to Larios. BofA Securities served as the financial advisor, Ernst & Young as the tax advisor, and Eversheds Sutherland as legal counsel to Celeros Flow Technology during the sale of the Filtration business.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

Real Estate

03 Jun 2026

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Infrastructure Transport

03 Jun 2026

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..