Announced

Completed

SAMONT completed the acquisition of HTS Group.

Synopsis

SAMONT, an international technical service provider specializing in conveyor and sorting technology, completed the acquisition of HTS Group, a technical service provider characterized by special expertise in electrical installation and maintenance in mechanical and plant engineering. Financial terms were not disclosed. "We are using these skills and resources as part of the strategic takeover to further strengthen our market position with first-class technical services and to tap into new client potential," Jasmin Sarkinovic, SAMONT Managing Director.

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