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Blackstone buys Schenck Process

IK Investment has agreed to sell measuring and process technology company Schenck Process to fellow private equity firm Blackstone.

Blackstone buys Schenck Process Blackstone buys Schenck Process Blackstone buys Schenck Process Blackstone buys Schenck Process Blackstone buys Schenck Process

Schenck Process has been involved in the iron ore space for more than two decades

The value of the deal and financial terms were not disclosed, although media reports said it could be worth more than US$839 million. 

Schenck is based in Germany and develops and manufact...