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Gefran SpA to Acquire 100% in Sensormate AG


Wednesday, 26 Jun 2013 10:22am EDT 

Gefran SpA announced that it has reached an agreement for the takeover of Sensormate AG, a Swiss company specialised in the design, development and sale of industrial sensors. Alfredo Sala, managing director of Gefran SpA, signed on June 26, 2013, an agreement to take over 100% of the company. Sensormate AG designs and manufactures high-precision load-cells for injection moulding, for which it holds numerous registered patents. The agreement signed stipulates an overall price of CHF 4.2 million (equal to about EUR 3.4 million) in addition to Sensormate's net financial position on the closing date. This amount will be paid in three instalments: a first instalment of CHF 3.6 million (equal to about EUR 2.9 million) plus the net financial position on the closing date; the second and third instalments three and five years after the signing date, subject to the occurrence of certain predetermined events. The agreement is expected to be finalised by the end of July 2013. The takeover will be funded by means of a bank loan. 

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23 Dec 2014