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Gesac, through its German subsidiary, plans to fully acquire Mimatic GmbH, a manufacturer of angular heads, tool holders, and cutting tools for automotive, aerospace, and medical industries.
Xiamen Tungsten announced that its subsidiary Xiamen Jinlu Special Alloy will increase capital of German Jinlu Hard Alloy by €14.9011 million, which will then acquire 100% of German Mimatic GmbH for a base price of €10 million, with an additional €4.9011 million capital increase for the target.