Based on today's (1Aug14) announcement, it appears that Dutech has made yet another value accretive acquisition in Germany…
http://infopub.sgx.com/FileOpen/Ann_Acqu...eID=307899
Dutech is paying only EUR 1.0m for a 60% stake in Deutsche Mechatronics GmbH (founded 1947) - with a NAV net tangible asset of EUR 13,674,000 as at 31Mar2014 - which is engaged in design, manufacture, and assembly of drying solution for graphics and printing industries, intelligent terminals, visual quality control machines, and other sheet metal products. In addition, Dutech through its wholly-owned German subsidiary Tri Star GmbH will provide a one-year shareholder loan of EUR 1,000,000 bearing an interest
rate of 3% to Deutsche Mechatronics.
More info on Deutsche Mechatronics…..
http://www.deutsche-mechatronics.de/homepage.html
http://infopub.sgx.com/FileOpen/Ann_Acqu...eID=307899
Dutech is paying only EUR 1.0m for a 60% stake in Deutsche Mechatronics GmbH (founded 1947) - with a NAV net tangible asset of EUR 13,674,000 as at 31Mar2014 - which is engaged in design, manufacture, and assembly of drying solution for graphics and printing industries, intelligent terminals, visual quality control machines, and other sheet metal products. In addition, Dutech through its wholly-owned German subsidiary Tri Star GmbH will provide a one-year shareholder loan of EUR 1,000,000 bearing an interest
rate of 3% to Deutsche Mechatronics.
More info on Deutsche Mechatronics…..
http://www.deutsche-mechatronics.de/homepage.html