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INDUS Holding sold 100% of WIESAUPLAST GmbH & Co. KG and its subsidiaries to SCHERDEL Group. WIESAUPLAST produces high-precision technical parts for automotive engineering, employs about 500 people, and generates annual sales of around EUR 50 million. The purchase price was not disclosed.
“Mayer Brown has advised stock exchange-listed INDUS Holding AG on the sale of 100 percent of the shares of WIESAUPLAST GmbH & Co. KG and all its subsidiaries to the SCHERDEL Group.”mayerbrown.com
Summarized from public sources; check the original articles before acting on it.