Announced
Financials
Tags
Germany
Electrical Components
Majority
Cross Border
high-precision instruments
Pending
Friendly
Single Bidder
Acquisition
Private
Synopsis
Indutrade, a technology and industrial group, agreed to acquire a 70% stake in Palas Holding, a manufacturer of high-precision instruments, from Brockhaus Technologies, a technology group, for €70m. “Palas has extensive technical expertise and offers high-quality products with leading technology that helps improve air quality levels across the globe. The company has a solid track record of sustainable, organic growth and high profitability. Underpinned by strong underlying market forces, they have a clear path for continued organic growth and we are happy to welcome them to the Indutrade family," Bo Annvik, Indutrade President and CEO.
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