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Announced

Completed

Miele completed the acquisition of a 75.1% stake in Otto Wilde Grillers.

Synopsis

Miele completed the acquisition of a 75.1% stake in Otto Wilde Grillers. Financial terms were not disclosed. "Even during our first contacts, we were impressed by the pioneering spirit at Otto Wilde Grillers, by the innovative nature of their products and their loving attention to detail. We are looking forward to hitting the ground running and putting our joint innovation and growth plans into action," Gernot Trettenbrein, Miele Senior Vice President.

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