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New Deal


Announced

Completed

SCIO Automation completed the acquisition of MFI.

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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Domestic

Majority

Software

Private

Germany

software development

Friendly

electrical engineering

Single Bidder

Acquisition

Completed

Private Equity

Synopsis

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SCIO Automation, a medium-sized platform in the field of industrial automation technology and related engineering services, completed the acquisition of MFI, a company that offers specialized automation solutions for the food industry as well as complementary solutions for other industrial end-markets. Financial terms were not disclosed. "MFI’s automation solutions add an additional layer to SCIO’s current offering, enabling us to immediately engage in joint projects for our combined customer base. MFI contributes with specialized know-how and innovative strength in programming and manufacturing. The overall package makes MFI a strong partner for our platform," Michael Goepfarth, SCIO Automation CEO.

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