Announced
Synopsis
SCM Group, a company specializing in industrial machinery and manufacturing technologies, agreed to acquire a 51% stake in Mecal Machinery, a company focused on machinery for aluminum and PVC processing. Financial terms were not disclosed. "The entry of Mecal Machinery into the group allows us to enter a new market segment, enhancing the range of technologies and services already offered by the Group," Marco Mancini, SCM Group CEO.
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