ElringKlinger to acquire 27% stake in German engineering company hofer  [ Germany ]

ElringKlinger AG is to acquire a strategic interest of 27% in the engineering company hofer AG. The transaction also encompasses a 53% majority interest of ElringKlinger in the subsidiary hofer powertrain products GmbH operating within the Nurtingen-based group of companies. The purchase price of the entire transaction is a double-digit figure in the million euro range and will be settled subse...
<Oct 27, 2016>