Neway Valve offers EUR 11.3M to buy Germany's Econosto International

China's Neway Valve plans to acquire Dortmund-based flow control products maker Econosto International Holding for EUR 11.3 million (USD 12.5 million) to expand its international market share. Neway's board approved the plan, and the company said on Dec. 6 it will move on to an equity transfer deal.

“China's Neway Valve intends to purchase German flow control products maker Econosto International Holding for EUR11.3 million (USD12.5 million) to widen its international market share.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina's Neway Valve Offers USD12.5 Million to Buy Germany's Econosto to Expand AbroadDec 9, 2019

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