◂ Announcements

May 19, 2020ACQUISITIONSpain

NBI Bearings buys 100% of Turnatorie Iberica and 51% of ALPROM

NBI Bearings Europe SA reached an agreement to buy 100% of Turnatorie Iberica's shares and a 51.35% stake in ALPROM for a fixed price of EUR 15 million, plus up to EUR 1.5 million contingent on EBITDA targets.

Value

$16.3M (15.0M EUR)

Status

Announced

Productsbearings

CompaniesNBI Bearings Europe acquirer Turnatorie Iberica target ALPROM target

Sectors#Industrial Machinery

“SAYS REACHED AN AGREEMENT TO BUY 100% OF TURNATORIE IBERICA'S SHARES AND 51.35% STAKE IN ALPROM”stockopedia.com

1 source
stockopedia.comNBI BEARINGS EUROPE SA | Brief: NBI Bearings Buys 100% Of Turnatorie Iberica And 51% Of ALPROMMay 19, 2020

Summarized from public sources; check the original articles before acting on it.

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