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Gabriel A/S signed a preliminary share purchase agreement to acquire 100% of German fabric-solution manufacturer Visiotex GmbH for EUR 2.5 million. Visiotex employs about 20 people and had 2018 revenue of EUR 1.6 million.
“The expected purchase of the shares in the company is to support the global growth in the fabric business.”globenewswire.com
Summarized from public sources; check the original articles before acting on it.