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IDEC Corporation entered into a definitive stock purchase agreement to acquire 100% of APEM Group from Intermediate Capital Group and management, creating a global HMI and industrial control powerhouse.
IDEC Corporation, a Japanese manufacturer of industrial automation products, entered into a stock purchase agreement to acquire 100% of Apem Group, a global HMI solutions manufacturer, for an enterprise value of €240 million. The deal was signed on December 14, 2016.