600 Group to sell Machine Tool Solutions Division to Timesavers Acquisition

The 600 Group PLC has entered into a conditional agreement to sell its Machine Tool Solutions Division to Timesavers Acquisition, LLC for $21 million. The division includes 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd and Clausing Industrial, Inc.

“The proposed disposal of our Machine Tool Solutions Division is the culmination of this strategy and will provide the Group with the funds to strengthen our balance sheet and further accelerate the growth of our laser division.”investormeetcompany.com

• 2 sources
• investormeetcompany.comProposed disposal of Machine Tool Solutions, 07 March 2022 07:00 | RNS News | SIXH - 600 Group PLC | Investor Meet CompanyMar 7, 2022
• stockopedia.com600 | Proposed disposal of Machine Tool SolutionsJul 3, 2022

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