Brookfield to acquire Fosber from Guangdong Dongfang Precision for $900m.

Brookfield, an investment management company, agreed to acquire Fosber, a leader in the design and production of advanced machinery, from Guangdong Dongfang Precision, a supplier of equipment and services for corrugated packaging industries, for $900m. “Fosber is a market-leading industrial technology business that provides vital products and services to the packaging industry. The transaction demonstrates our strategy of investing in industrial champions headquartered in Europe, and with Fosber’s extensive operations in the US and Asia, the ability to draw on our global platform. We look forward to partnering with the Fosber team, bringing our operational expertise and scale to accelerate digital transformation and expand its after-sales and service offerings as it continues to grow worldwide," Anuj Ranjan, CEO of Brookfield’s Private Equity Group.