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Plaintree Systems Inc. signed an agreement to purchase all share capital of Spotton Corporation, a maker of custom hydraulic and pneumatic valves and cylinders in Arnprior, Ontario. The consideration is nominal, and Spotton owes Plaintree CAD 1.7 million.
“Plaintree Systems Inc. today announced that it has signed an agreement to purchase all of the share capital of Spotton Corporation of Arnprior, Ontario.”accessnewswire.com
Summarized from public sources; check the original articles before acting on it.