# 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.

- Type: Acquisition
- Announced: 2024-09-12
- Where: Romania
- Status: announced
- Products: electromechanical devices, electro-hydraulic devices
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Magnet-Schultz](https://endata.com/companies/79770.md) (acquirer)
- [Electroprecizia Electrical Equipment](https://endata.com/companies/79771.md) (target)
- [Electroprecizia](https://endata.com/companies/79772.md) (partner)

## Sources

- [romania-insider.com](https://www.romania-insider.com/magnet-schulz-takeover-romania-sept-2024), 2024-09-12: "The sale of the 99% stake, subject to prior conditions, is estimated to be completed by the end of 2024."

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