Announced
Financials
Sources
Tags
baggage handling systems
Machinery: Specialty
Private
Acquisition
parcel systems
Austria
Pending
Synopsis
Duravant, a market-leading international engineered equipment and automated machine provider to the food processing, packaging and material handling sectors, acquired Motion06, a leading manufacturer of machines and components for conveyors systems. Financial terms were not disclosed. Mike Kachmer, President and CEO of Duravant, said, “We could not have imagined a more complementary partnership than Motion06 when considering the existing portfolio within the Duravant family of operating companies. Our team is extremely excited about the immediate accelerated growth opportunities this new relationship provides.”
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