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Biesse Group signed a contract to acquire 100% of Forvet Costruzione Macchine Speciali, a manufacturer of special automated machines for glass machining, for around €41 million.
Biesse Group has agreed to sell its subsidiary Dongguan Korex Machinery Co. LTD in Dongguan, China, for CNY 183.5 million (EUR 22.5 million). The deal is expected to close by mid-March 2021.
Intermac, a division of Biesse Group, signed preliminary agreements to acquire 60% of Movetro s.r.l. and, in joint venture with Donatoni Macchine, to purchase Montresor & C. s.r.l. The deals are expected to close by end of July/August 2017.