# Gabriel A/S signs preliminary agreement to acquire Visiotex GmbH for EUR 2.5M

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.

- Type: Acquisition
- Announced: 2019-11-06
- Where: Germany
- Value: $2.75M (2.50M EUR)
- Status: announced
- Products: fabric solutions, Wovenit-technology fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Visiotex](https://endata.com/companies/27414.md) (target)
- [Gabriel A/S](https://endata.com/companies/43153.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/11/06/1941854/0/en/Gabriel-A-S-has-today-signed-a-preliminary-agreement-Preliminary-Share-Purchase-Agreement-on-the-acquisition-of-the-share-capital-in-the-German-fabric-solution-manufacturer-Visiote.html), 2019-11-06: "The expected purchase of the shares in the company is to support the global growth in the fabric business."

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