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New Deal


Announced

Peinemann to acquire G. van Harten.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Netherlands

Machinery: Industrial

lifting technician

Private

engineer

Acquisition

Pending

Friendly

Majority

Single Bidder

Synopsis

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Peinemann, which specializes in the development, fabrication, patenting and worldwide marketing of special machines for the petrochemical industry, agreed to acquire G. van Harten, an engineer and lifting technician. Financial terms were not disclosed. "We are very happy with this addition to our service package. G. van Harten specialises in industrial relocations and has lift systems of up to 1.1k tonnes at its disposal. Peinemann works worldwide, from Dubai to New Orleans. We have international ambitions to put the unique knowledge and skills of G. van Harten on the map, where they are not yet active. Moreover, we are also a family business, a size larger, but the cultures fit well together," Ad Kornet, Peinemann Chief Executive.

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