GMM Pfaudler to acquire Mixel France SAS

9 Dec 2022 , 09:02 AM

GMM Pfaudler through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on 08 December 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. (collectively known as Mixel). The acquisition is subject to French law and will follow the general principles of information and consultation with the works council. ? A total consideration of ? 7 million will be paid to acquire 100% shareholding in Mixel and the transaction will be funded through a mix of internal accruals and debt ? Mixel has a consolidated turnover of ? 13.2 million as on 31 December 2021 ? Subject to certain closing conditions and regulatory approvals, the transaction is expected to close in February 2023 ? Mixel designs and manufactures customised mixing systems for a wide range of industrial applicationsPowered by Capital Market – Live News