Brief: PVA Tepla Acquires MPA Industrie Sa

Pva Tepla AG

28/11/2022 06:32

Nov 28 (Reuters) - PVA TEPLA AG  TPEG.DE :
    * STRENGTHENING PROCESS TECHNOLOGIES THROUGH THE ACQUISITION
OF A
COMPANY
    * HAS FULLY ACQUIRED MEDIUM-SIZED HIGH-TECH COMPANY MPA
INDUSTRIE
SA IN LA CHAPELLE D'AUREC, FRANCE, AS PLANNED. PVA
    * PVA TEPLA HAD ALREADY HELD A 10% STAKE IN PROCESS PLANT
MANUFACTURER SINCE END OF 2020
    * MPA WILL GENERATE SALES OF AROUND EUR 6 MILLION IN 2022,
WITH
HIGH PROFITABILITY AND STRONG GROWTH POTENTIAL.
    * COMPANIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE.
    * MPA INDUSTRIE SA WILL BE FULLY CONSOLIDATED FOR FIRST TIME
AS OF
DECEMBER 31, 2022. COMPANIES HAVE AGREED NOT TO DISCLOSE
PURCHASE PRICE

Source text for Eikon:  ID:nEQ73MkKQa 
Further company coverage:  TPEG.DE 
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