Brief: Phoenix Mecano acquires Ismet GmbH

Phoenix Mecano AG

15/06/2016 06:00

June 15 (Reuters) - Phoenix Mecano AG  PM.S : 
    * Strengthens ELCOM/EMS division with acquisition of Ismet 
GmbH 
    * Acquisition is subject to official approval and is 
expected to take effect on 1 July 2016 
    * Ismet Group will remain as a company within Phoenix Mecano 
Group and as a brand name 
    * Production relocations and a site closure will entail 
exceptional costs of approximately 1 million to 1.5 million 
euros, which will be charged to 2016 financial statements 
 
Source text for Eikon:  ID:nTENmeizba  
Further company coverage:  PM.S  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))