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Bids, Mergers and Takeovers

600 Group acquires Kondia Machine Tool Business

17 October 2016 07:36

600 Group said that, following its successful application to the Spanish Courts, it has acquired the entire manual machine tools business of Kondia, for a total consideration of €50,000. Kondia, formerly Spains largest manufacturer of milling machines was placed into administration in 2015.

The acquisition means the 600 Group now owns the Kondia name, all IP and a large inventory of spare parts worth in excess of the acquisition costs.

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