RHI Magnesita NV acquires 85.22% stake in SORMAS Sogut Refrakter Malzemeleri AS, a Turkish producer of refractories for a consideration of EUR 38.8m. The acquisition will expand RHI Magnesita’s locally manufactured product portfolio and serve as a production hub and platform for business growth in Turkey and the wider region, the company said.
Tag: acquisition
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Webrazzi acquires Tech.eu, consolidating tech news across Europe
Webrazzi, the main tech startup media title in the country, has acquired Tech.eu, the long-time tech startup site in Europe. The pooled entity of Webrazzi and Tech.eu will now offer combined editorial, data, and research platforms offering news and market intelligence. The terms of the deal were not disclosed. Launched in 2006 by Arda Kutsal,...
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Swiss Landis+Gyr to acquire smart meter company Luna
The Switzerland-based Landis+Gyr AG has entered into a binding agreement to acquire 100% of the shares of the smart meter company Luna Elektrik Elektronik Sanayi ve Ticaret AS for a high double digit million USD purchase price. The transaction is expected to close by the end of the calendar year 2021 with closing being subject...
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Finland’s Huhtamaki wraps up acquisition of packaging firm Elif
Finnish packaging solutions provider Huhtamaki Oyj said it has completed the acquisition of Elif Holding for EUR 412m (USD 482.7m) after obtaining permission from the Turkish competition authority. With this purchase, which was inked in August, Huhtamaki reinforces its position as a leading flexible packaging company in emerging markets and strengthens its existing flexible packaging...