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Geometric Ltd's Geometric Europe GmbH Acquires 3Cap Technologies GmbH


Wednesday, 2 Jan 2013 07:24am EST 

Geometric Ltd announced that its German subsidiary, Geometric Europe GmbH has acquired 100% stake in 3Cap Technologies GmbH (3Cap), a specialist in electronics engineering, primarily for the automotive industry, based in OberschleiƟheim near Munich, Germany. 3Cap is valued at EUR11 million of which EUR7.5 million will be paid up front. Geometric is funding the acquisition out of accrued cash. The balance payments will be subject to earn-out under mutually agreed terms and conditions over a maximum period of three years. The acquisition is effective January 1, 2013. 

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