Duravant to acquire Key Technology for $175M

Duravant has signed a definitive agreement to acquire Key Technology for $26.75 per share in cash, valuing the transaction at approximately $175 million. Key Technology is a designer and manufacturer of digital sorting, inspection, conveying and processing equipment for food processing.

“Duravant has entered into a definitive agreement to acquire Key Technology, Inc.”duravant.com

• 3 sources
• duravant.comDuravant To Acquire Key Technology | DuravantJan 25, 2018
• key.netDuravant to Acquire Key Technology | Key TechnologyJan 25, 2018
• packagingeurope.comDuravant To Acquire Key TechnologyPackaging Europe staff writersFeb 5, 2018

Summarized from public sources; check the original articles before acting on it.