Chengdu Techcent Environment to acquire Viscotherm and stake in GAT-Gesellschaft für Antriebstechnik | SECA

On 11/06/18 it was stated that Chengdu Techcent Environment Co., Ltd plans to acquire a 100 per cent stake in Viscotherm AG, a Zurich, Switzerland-based decanter drive manufacturer, and a 75 per cent stake in GAT-Gesellschaft für Antriebstechnik GmbH, an Alsdorf, Germany-based rotary joint and other metal products manufacturer from ABG Holding AG. The total consideration is EUR 53 million, which may be founded through cash or assets. On completion, ABG Holding will cease to be shareholder of the companies. Chengdu does not own a stake in the companies prior to the transaction.

@ SECA | August, 2019