Kuhn Holding Buys Emco

Published: December 21, 2011; 19:11 · (Vindobona)

A purely Austrian solution was found for the former A-Tec subsidiary. The Austrian mechanical engineering company is acquired by Kuhn Holding.

Kuhn Holding Buys Emco / Picture: © Emco

The liquidator of the insolvent A-Tec Group has sold Emco to the Salzburg-based Kuhn Holding GmbH. The purchase price for the Emco Maier GmbH is approximately € 25m. Furthermore, Kuhn takes over liabilities so that the transaction has a total volume of € 37.7m, liquidator Matthias Schmidt announced on Tuesday. With regard to granted guarantees, 10% of the purchase price will be…

This article includes a total of 163 words.

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