# Nishat Mills to acquire 100% of Wernerfelt A/S

Nishat Mills has decided to acquire 100% of the issued share capital of Danish fabric maker Wernerfelt A/S for a consideration up to $4.5 million. The acquisition will be through Nishat International FZE Dubai or the company itself.

- Type: Acquisition
- Announced: 2023-01-23
- Where: Denmark
- Value: $4.50M
- Status: announced
- Products: fabrics for personal protection and workwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Wernerfelt](https://endata.com/companies/68009.md) (target)
- [Nishat Mills](https://endata.com/companies/68035.md) (acquirer)

## Sources

- [textilesouthasia.com](https://textilesouthasia.com/2023/01/23/nishat-mills-to-acquire-wernerfelt/), 2023-01-23: "The Board of Directors of Nishat Mills has decided to acquire 100% of the issued share capital (along with transfer of complete management control) of Wernerfelt A/S by the company and/or Nishat International FZE, Dubai for a consideration up to $4,500,000."

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