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Announced

CHIRON Group to acquire a 90% stake in HSTEC.

Synopsis

CHIRON Group, a metal industry company, agrred to acquire a 90% stake in HSTEC, an innovative development and production company. Financial terms were not disclosed. With the acquisition, the CHIRON Group is expanding its capacities and strengthening three areas of expertise: Complete development, manufacturing and assembly of the key components, motor spindles and turning spindles, for the Group's machining centers.

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