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Ningbo Lehui International Engineering Equipment Co plans to acquire NSM Packtec GmbH, a German dairy packaging equipment manufacturer, from NSM Magnettechnik GmbH for EUR 4 million. Packtec will continue operations under the same brand and management.
“Lehui will pay 4 million euros ($4.73 million) to acquire the company from NSM Magnettechnik GmbH, domestic news website sohu.com reported.”ecns.cn
Summarized from public sources; check the original articles before acting on it.