Kendrion to acquire INTORQ for €80m.

Kendrion, a developer, manufacturer of electromagnetic and mechatronic systems, agreed to acquire INTORQ, a machining manufacturer in Aerzen, Germany, for €80m ($89m). "This transaction substantially strengthens our position in industrial brakes and further expands our footprint in China. The acquisition creates a leading industrial brake company which provides our customers with a broad set of industrial brake technology products, while optimising operational efficiencies," Joep van Beurden, Kendrion CEO.