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Swedish industrial company XANO has acquired Dutch food sector automation company PiWi Beheer for EUR 31 million on a debt-free basis. PiWi Beheer operates through subsidiary Case Packing Systems BV, which makes automated food packaging handling systems.
XANO Industri AB, via a subsidiary, acquired all shares of PiWi Beheer B.V. and its subsidiary Case Packing Systems B.V., a Dutch developer and manufacturer of automated food packaging handling systems, for EUR 31 million on a debt-free basis.