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Hangzhou Tieliu Clutch Manufacturing to buy German Geiger at EUR 38 million
On May 24, Hangzhou Tieliu Clutch Manufacturing Co., Ltd. announced a plan to acquire a 100% stake in a German manufacturer, Geiger Fertigungstechnologie GmbH, investing EUR 38 million. Geiger manufactures high-precision metal products and has long-term contracts with Bosch, Cummins, Continental, Brose, and Hitachi, ....
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