Sponsored Content
ANDRITZ subsidiary Schuler acquires majority stake in Yadon, one ofthe leading press manufacturers in China
Press Wire ♦
Published: June 23, 2015; 12:41 ♦ (Vindobona)
Schuler AG, a member of international technology Group ANDRITZ, has signed a contract for the acquisition of a 51% stake in the Chinese press and machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon). Yadon is one of the leading manufacturers of mechanical presses in China and has annual sales of approximately 120 million euros. It was agreed not to disclose the purchase price. The acquisition is subject to approval by anti-trust authorities.
ANDRITZ subsidiary Schuler acquires majority stake in Yadon, one ofthe leading press manufacturers in China / Picture: © Vindobona.org
adhoc disclosure transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is solely responsible for the content of this announcement.
other/Company Information
23.06.2015
Graz, June 23, 2015. Schuler AG, a member of international technology Group
ANDRITZ, has signed a contract for the acquisition of a 51% stake in the Chinese
…
or Log In
Fast News Search
ISIN