Indutrade acquires German automation supplier Stein Automation

Indutrade signed an agreement to acquire all shares of Stein Automation GmbH & Co. KG, a German supplier of pallet transfer systems for assembly lines with annual sales of about EUR 10 million. The acquisition is subject to German competition authority approval and expected to close in February 2020.

“Indutrade has on 10 January signed an agreement with the intent to acquire all of the shares in the German company STEIN Automation GmbH & Co. KG.”news.cision.com

• 1 source
• news.cision.comIndutrade acquires German supplier of automation solutions - Indutrade ABJan 13, 2020

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