Brief: Manz Acquires Minority Interest In Metox Technologies

Manz AG

23/02/2022 09:03

Feb 23 (Reuters) - MANZ AG  M5ZG.DE :
    * MINORITY INTEREST IN METOX TECHNOLOGIES, INC., A
SPECIALIST IN
MANUFACTURE OF SUPERCONDUCTOR WIRES
    * IS ACQUIRING A STAKE IN METOX TECHNOLOGIES INC. AND THUS
TAPPING
INTO SUPERCONDUCTOR TECHNOLOGY AS AN IMPORTANT FUTURE MARKET FOR
ENERGY SUPPLY
    * INVESTMENT AMOUNT IS IN LOW SINGLE-DIGIT MILLION-DOLLAR
RANGE
    * INVESTMENT FOLLOWS MANZ AG'S CORPORATE STRATEGY OF FURTHER
DEVELOPING ITS TECHNOLOGY PORTFOLIO IN PROMISING FUTURE
INDUSTRIES THROUGH TARGETED M&A ACTIVITIES

Source text for Eikon:  ID:nEQ4jTJxZa 
Further company coverage:  M5ZG.DE 

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