# 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.

- Type: Acquisition
- Announced: 2019-11-04
- Where: Aerzen, Germany, Germany
- Value: $88.0M (80.0M EUR)
- Status: announced
- Products: spring-applied brakes, electromagnetic brakes, clutches
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Kendrion](https://endata.com/companies/43110.md) (acquirer)
- [INTORQ GmbH & Co. KG](https://endata.com/companies/43111.md) (target)
- [INTORQ](https://endata.com/companies/43629.md) (target)

## Sources

- [kendrion.com](https://www.kendrion.com/en/newsroom/detail/news/kendrion-to-acquire-intorq-to-create-a-leading-industrial-brake-company), 2019-11-05: "This transaction substantially strengthens our position in industrial brakes and further expands our footprint in China."
- [fusionen-und-uebernahmen.de](https://www.fusionen-und-uebernahmen.de/intorq-kendrion/), 2019-12-01: "Im November wurde ein Vertrag über den Verkauf der INTORQ GmbH & Co. KG an die Kendrion Holding Germany GmbH unterzeichnet."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.