on MAX Automation AG (isin : DE000A2DA588)
MAX Automation SE Announces Sale of MA micro Group to Hitachi, Ltd.
MAX Automation SE disclosed the completion of a sale agreement for its subsidiary, the MA micro group, to Hitachi, Ltd., according to a press release dated April 26, 2024. The transaction includes all shares of MA micro automation GmbH and its subsidiaries: MA Life Science GmbH, Micro Automation LLC, and Micro Automation LLP. The agreed purchase price ranges from approximately EUR 71.5 million to EUR 76.5 million, contingent upon the 2024 performance outcomes of the MA micro group.
Conditional upon regulatory approvals and customary transaction conditions, the acquisition is forecasted to close in the latter half of 2024. This strategic divestment is aimed at reducing MAX Group's financial liabilities through partial repayment of their syndicated loan.
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