Brief: Duerr buys 75% of Teamtechnik Maschinen und Anlagen GmbH

Duerr AG

16/12/2020 17:07

Dec 16 (Reuters) - Duerr AG  DUEG.DE :
    * DGAP-ADHOC: DÜRR AG: DÜRR EXPANDING AUTOMATION BUSINESS
WITH
MAJORITY STAKE IN TEAMTECHNIK
    * SAYS IS ACQUIRING 75% OF SHARES IN TEAMTECHNIK MASCHINEN
UND
ANLAGEN GMBH AND THUS STRENGTHENING ITS POSITION IN AUTOMATION
MARKET
    * SAYS PURCHASE CONTRACT IS STILL SUBJECT TO ANTI-TRUST
CLEARANCE
AND IS EXPECTED TO BE CLOSED IN FEBRUARY 2021
    * SAYS PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE

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Further company coverage:  DUEG.DE 

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