on H&K AG (isin : DE000A11Q133)
H&K AG Acquires Chrom-Müller
H&K AG has acquired Chrom-Müller Metallveredelung GmbH, located in Oberndorf am Neckar. The purchase includes several properties associated with the company. This transaction was completed with the previous shareholders, the Stark and Müller-Stark family, for a high single-digit million euro amount.
This acquisition aligns with H&K AG's expansion strategy, enhancing its chrome plating expertise for weapon-pipes. It also opens avenues for diversification into civil and sustainable sectors. The chrome plating capabilities can benefit the automotive, mechanical and plant engineering, and aviation industries by extending product life.
Details of the transaction remain confidential, as agreed by all parties involved.
R. P.
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