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CW Group Holdings (via subsidiary SG(BVI) Limited) agreed to acquire Brownstone Ventures Limited, which owns German CNC machining centre manufacturer Zuse Hüller-Hille, for EUR 115 million in cash. The deal was announced on 29 December 2017.
PA Power Automation AG and German machine tool builder Zuse Hüller-Hille entered a technical and commercial cooperation to jointly build intelligent five-axis machine tools for Industry 4.0 applications. First prototypes are expected in 2017.