# Trust Union Fund acquires machine tool manufacturer Kovosvit MAS

Russian investment fund Trust Union Fund acquired South Bohemian machine tool manufacturer Kovosvit MAS from Industry Innovation. The new owner also brought a €15 million contract for the supply of 60 machining centres over the next two years.

- Type: Acquisition
- Announced: 2020-09-08
- Where: South Bohemia, Czechia
- Status: announced
- Products: machine tools, machining centres
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Trust Union Fund](https://endata.com/companies/49796.md) (acquirer)
- [Kovosvit MAS](https://endata.com/companies/49797.md) (target)
- [Industry Innovation](https://endata.com/companies/49798.md) (partner)

## Sources

- [legaldesire.com](https://legaldesire.com/dla-piper-advises-russian-investment-fund-trust-union-fund-on-the-acquisition-of-kovosvit-mas/), 2020-09-08: "DLA Piper Prague has advised Russian investment fund Trust Union Fund on the acquisition of the South Bohemian machine tool manufacturer Kovosvit MAS"

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