# Astorg to acquire 40% stake in ARMOR-IIMAK with €150 million investment plan

ARMOR-IIMAK and private equity firm Astorg signed an exclusive negotiation agreement for Astorg to acquire approximately 40% of ARMOR-IIMAK's capital. The partnership includes a €150 million four-year investment plan (2022-2026).

- Type: Investment
- Announced: 2022-01-12
- Where: France
- Value: $170.0M (150.0M EUR)
- Status: announced
- Products: thermal transfer ribbons, printing and marking solutions
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ARMOR-IIMAK](https://endata.com/companies/60328.md)
- [Astorg](https://endata.com/companies/3555.md) (investor)

## Sources

- [armor-iimak.jp](https://www.armor-iimak.jp/en/inkside/armor-iimak-and-astorg-annouce-future-partnership/), 2022-01-12: "This merger represents a new beginning for the shareholders and strengthens ARMOR-IIMAK's position in the field of traceability."

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