Announced
MBB acquired a 60% stake in Friedrich Vorwerk.
Synopsis
MBB, a medium-sized family business, acquired a 60% stake in Friedrich Vorwerk and its subsidiaries. Vorwerk is a civil engineering and plant construction specialist for underground gas, oil, and power lines. Financial terms were not disclosed. With MBB's entry, Vorwerk intends to push its growth organically and via acquisitions in the long term.
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