M & A

Aap Implantate: a milestone

Aap Implantate AG, manufacturer of medical technology has sold Medical Contract Manufacturing B.V. (EMCM) the European manufacturing company for medical produce. EMCM develops and manufacturers medical produce for third parties in the fields of biological, pharmaceutical and tissue processing materials The sale price of 18 million Euros for the 100 percent stake of EMCM will be paid in cash in three instalments by the end of April. According to the Prime-Standard-listed company, the transaction is to be viewed as a strategic and financial milestone. The revenue will be used to invest in infection prevention and absorbable implants.

Kloeckner: A purchasing trip to Switzerland

Fresh from its restructuring, Klöckner & Co. SE is off on another buying spree. In Switzerland it acquired 75% of Riedo Bau + Stahl, a companied specialised in reinforcing steel. Over the coming two years Riedo is expected to be wholly taken over. With its 130 staff, the company generated a turnover some 140 million Euros, considered “highly remunerative”. For Klöckner + Co., the buy-over will create synergies and allow savings in investments. The benefits will be seen as early as 2014.