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Jobs S.p.A., part of Borodino Group, signed a preliminary agreement to acquire Sachman S.p.A., a machine tool manufacturer in Reggio Emilia, Italy. The combined company is expected to have annual revenue of EUR 70 million.
SNK America, a subsidiary of SNK Japan, has merged with Jobs USA to become the exclusive North American importer of Jobs Machine Tools. The partnership expands both companies' customer bases in North America.