# 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.

- Type: Acquisition
- Announced: 2020-05-19
- Where: Spain
- Value: $16.3M (15.0M EUR)
- Status: announced
- Products: bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [NBI Bearings Europe](https://endata.com/companies/47339.md) (acquirer)
- [Turnatorie Iberica](https://endata.com/companies/47340.md) (target)
- [ALPROM](https://endata.com/companies/47341.md) (target)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/nbi-bearings-europe-sa-MCE:NBI/news/brief-nbi-bearings-buys-100-of-turnatorie-iberica-and-51-of-alprom-019e6c14-26da-77b0-88b4-41ec2bcd6517/), 2020-05-19: "SAYS REACHED AN AGREEMENT TO BUY 100% OF TURNATORIE IBERICA'S SHARES AND 51.35% STAKE IN ALPROM"

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