It was learned from Hangzhou Machine Tool Group that the company has signed an agreement with Germany abaz&b Grinder Co., Ltd. to acquire 60% of the latter's shares for 6 million euros. After the completion of the acquisition, the company's specific operations are still managed by Klaus Hornitschck, the former head of 40%. .
Founded in 1898, the German abaz&b grinding machine company is one of the four largest grinding machine manufacturers in Europe; Hangzhou Machine Tool Group is one of the top ten in the same industry in China. It is reported that after the acquisition, Hangzhou Machine Tool Group will establish a technical research institution in Germany, echoing the existing domestic research institutions; Germany abaz&b company hopes to take the opportunity to enter the Asian and Chinese markets. The two sides also plan to invest 6 million euros to invest in new machine tool companies in China, and the products are positioned in the mid-end market.
Founded in 1898, the German abaz&b grinding machine company is one of the four largest grinding machine manufacturers in Europe; Hangzhou Machine Tool Group is one of the top ten in the same industry in China. It is reported that after the acquisition, Hangzhou Machine Tool Group will establish a technical research institution in Germany, echoing the existing domestic research institutions; Germany abaz&b company hopes to take the opportunity to enter the Asian and Chinese markets. The two sides also plan to invest 6 million euros to invest in new machine tool companies in China, and the products are positioned in the mid-end market.
Traffic Light Pole
Traffic Light Pole
Jiangsu Bosiwei Optoelectronics Group Co.,ltd , https://www.bswledled.com