SHANGHAI, August 25, SinoCast — Shanghai Prime Machinery has completed takeover of Nedschroef at about CNY 2 billion. The target is a leading auto fastener manufacturer from the Netherlands.
The deal not only helps the company expand Europe business and upgrade technologies but also helps raise the company’s incomes and net profits by over 100%.(…)
via Shanghai Prime Machinery : Acquired Nedschroef | 4-Traders.