Brief: Stabilus Enters Into Partnership With Synapticon

Stabilus SE

07/10/2021 09:04

Oct 7 (Reuters) - STABILUS SA  STAB.DE :
    * DRIVES FORWARD MOTION CONTROL DIGITALIZATION STRATEGY AND
ENTERS
INTO PARTNERSHIP WITH TECHNOLOGY COMPANY SYNAPTICON
    * PARTIES HAVE AGREED NOT TO DISCLOSE FURTHER FINANCIAL
DETAILS OF
TRANSACTION
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN OCTOBER 2021
    * IN CONTEXT OF THIS STRATEGIC PARTNERSHIP, STABILUS
SUBSCRIBED A
MINORITY STAKE IN SYNAPTICON VIA A CAPITAL INCREASE

Source text for Eikon:  ID:nEQ2DZpS1a 
Further company coverage:  STAB.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))