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Gefran SPA ( (IT:GE) ) has issued an announcement.
Gefran S.p.A. has finalized the acquisition of a 60% stake in CZ Elettronica S.r.l. and its subsidiary Mecatronica S.r.l., for 870,000 euros. This acquisition, funded by Gefran’s own resources, includes a price adjustment mechanism and options to acquire full ownership by 2027, potentially strengthening Gefran’s market position and expanding its technological capabilities.
More about Gefran SPA
Gefran S.p.A. specializes in designing and producing sensors, systems, and components for industrial process automation and control. The company operates globally with sales and manufacturing branches in several countries and serves various industrial sectors, including plastics processing, food and pharmaceutical industries, and packaging and molding machinery.
YTD Price Performance: 12.62%
Average Trading Volume: 223
Technical Sentiment Signal: Strong Sell
Current Market Cap: €125.9M
Learn more about GE stock on TipRanks’ Stock Analysis page.