Announced
Completed
Financials
Tags
Majority
Private
Acquisition
Cross Border
Single Bidder
Private Equity
hydraulic solutions
Water
Switzerland
Friendly
Completed
Synopsis
Voith, a technology group, completed the acquisition of a 79.5% stake in ARGO-HYTOS, a producer and developer of components and systems for the hydraulic industry, from CAPCELLENCE, an independent investment company. Financial terms were not disclosed. “By combining the competencies and resources of ARGO-HYTOS and Voith, we want to offer our customers significant added value. In addition to the successful continuation of the previous growth strategy of ARGO-HYTOS, our primary focus is on the joint development of customer solutions in the megatrend areas of electrification, digitalization and sustainability,” Erich Hofer, ARGO-HYTOS CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.