ADF Group to acquire Novexa Group.

ADF, which offers engineering and maintenance services for industrial production facilities, agreed to acquire Novexa, a specialist in the wear of rotative tubes. Financial terms were not disclosed. "Through this acquisition, ADF Group is continuing to expand its range of services, with expertise that is unique in Europe. It is fully in line with the concept of considering the Total Impact of Ownership (T.I.O.) for our clients, which takes into account economic, life cycle, and energy consumption issues. We are excited to welcome Novexa Group's expertise and talents, to the heart of ADF's human and industrial adventure," Marc Eliayan, ADF Group CEO.