Colfax to buy DJO Global in $3.15 billion deal

(Reuters) - Industrial equipment maker Colfax Corp said on Monday it would acquire medical device maker DJO Global Inc from private equity funds managed by Blackstone Group for $3.15 billion in cash.

Colfax expects the deal to close in the first quarter of 2019, the company said.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)