HMS Hydraulic Machines and Systems Group PLC Announces To Acquire A Controlling Stake In R&D Institute


Friday, 26 Apr 2013 09:29am EDT 

HMS Hydraulic Machines and Systems Group PLC announced that in a series of transactions, it has acquired 61.75% of the share capital (62.27% of the voting shares) of Russian project and design institute ZAO 'NIITurbokompressor named after V.B.Shnepp' (Turbokompressor) located in Kazan, Tatarstan, for total consideration of Rub 207.7 million (USD6.6 million), paid in cash. 

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