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Nabtesco to acquire Ovalo, Germany-based mechatronic system supplier
Nabtesco Corporation announced that it has entered into a definitive agreement to acquire a 100% share in Germany-based Ovalo GmbH for approximately EUR 82 million in cash. The transaction is expected to close at the end of February 2017. Ovalo serves German car OEMs as a Tier 1 supplier by supplying chassis system a....
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