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Bids, Mergers and Takeovers

Carr's acquisition

25 October 2016 13:03

Carr's, the agriculture and engineering group,has acquired STABER GmbH for a total cash consideration of €7.85 million.

After adjusting for estimated net cash within the company at completion, the net consideration is €6.75 million. STABER, formally called Stadele GmbH, is a family owned engineering business located near the Group's existing German operations in Markdorf.

At 1:03pm: (LON:CARR) Carrs Group Plc share price was +4.25p at 142.5p

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Related Company: CARR

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