◂ Announcements

Sep 12, 2024ACQUISITIONRomania

Magnet-Schultz to acquire Electroprecizia Electrical Equipment in Romania

German manufacturer Magnet-Schultz has signed an agreement to acquire a 99% stake in Electroprecizia Electrical Equipment from Electroprecizia. The deal is expected to close by the end of 2024.

Status

Announced

Productselectromechanical deviceselectro-hydraulic devices

CompaniesMagnet-Schultz acquirer Electroprecizia Electrical Equipment target Electroprecizia partner

Sectors#Industrial Machinery

“The sale of the 99% stake, subject to prior conditions, is estimated to be completed by the end of 2024.”romania-insider.com

1 source
romania-insider.comGerman engineering company Magnet-Schultz announces takeover in Romania | Romania InsiderIulian ErnstSep 12, 2024

Summarized from public sources; check the original articles before acting on it.

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