◂ Announcements

Nov 4, 2019ACQUISITIONAerzen, Germany, Germany

Kendrion to acquire INTORQ for €80 million

Kendrion entered a definitive agreement to acquire INTORQ GmbH & Co. KG for an enterprise value of €80 million. INTORQ manufactures brakes and clutches, with sites in Germany, China, the US and India. Closing expected in Q1 2020.

Value

$88.0M (80.0M EUR)

Status

Announced

Productsspring-applied brakeselectromagnetic brakesclutches

CompaniesKendrion acquirer INTORQ GmbH & Co. KG target INTORQ target

Sectors#Industrial Machinery #Automation and Robotics

“This transaction substantially strengthens our position in industrial brakes and further expands our footprint in China.”kendrion.com

2 sources
kendrion.comKendrion to acquire INTORQ to create a leading industrial brake companyNov 5, 2019
fusionen-und-uebernahmen.deIntorq: Kendrion und der Verkauf des Aerzener BremsenspezialistenMarius BeilhammerDec 1, 2019

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

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