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Koninklijke Reesink NV to Acquires Pon Material Handling Europe B.V., Motrac Hydraulic GmbH and Pelzer Fordertechnik GmbH


Friday, 14 Jun 2013 01:34am EDT 

Koninklijke Reesink NV announced its intention to enter into a transaction with Pon Holdings B.V. regarding acquisition of 100% of the shares of Pon Material Handling Europe B.V. and Motrac Hydraulic GmbH and 75.04% of the shares of Pelzer Fordertechnik GmbH. The intended transaction is subject inter alia of approval from the shareholders at the Extraordinary General Meeting of Shareholders (EGM) on July 2, 2013, and subject to approval from other institutions concerned. The acquisition is expected to be completed in the third quarter of 2013. 

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