Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / MATW - Matthews International to acquire engineering firms Olbrich R+S Automotive for $45M

MATW - Matthews International to acquire engineering firms Olbrich R+S Automotive for $45M

Matthews International Corporation
Matthews International (NASDAQ:MATW) said Tuesday it will acquire German engineering firms Olbrich and R+S Automotive for €43M (~$45M). Olbrich and R+S Automotive have combined annual revenues of over $100M. Olbrich manufactures purpose-built rotary processing equipment, including gear used in manufacturing dry and wet electrodes for lithium-ion batteries and components for hydrogen fuel cells used in electric vehicles. R+S Automotive is a specialty engineering services provider of automation, plant and tooling concepts for automakers. MATW expects to get regulatory approvals for the acquisition in Jul. "Our combined engineering capabilities provide an extension of the MATW's Saueressig Group portfolio," said Gregory Babe, CTO at MATW.

For further details see:

Matthews International to acquire engineering firms Olbrich, R+S Automotive for $45M
Stock Information
Company Name: Matthews International Corporation
Stock Symbol: MATW
Market: NASDAQ
Website: matw.com
Menu
MATW MATW Quote MATW Short MATW News MATW Articles MATW Message Board
Get MATW Alerts

News, Short Squeeze, Breakout and More Instantly...