# 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.

- Type: Acquisition
- Announced: 2020-01-13
- Where: Villingen-Schwenningen, Germany, Germany
- Value: $11.1M (10.0M EUR)
- Jobs: 45
- Status: announced
- Products: pallet transfer systems for assembly lines
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Indutrade](https://endata.com/companies/5501.md) (acquirer)
- [Stein Automation GmbH & Co. KG](https://endata.com/companies/44464.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/indutrade-ab/r/indutrade-acquires-german-supplier-of-automation-solutions,c3007044), 2020-01-13: "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."

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