Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
JOT Automation has been sold to a large Chinese corporation
June 8, 2018

Finish JOT Automation specializing in production automation and electronics testing solutions has been sold to Suzhou Victory Precision, China. The company purchases the entire stock of JOT Automation. The company does not publish the purchase price. The purchase price is estimated to be between EUR 40m and 60m. JOT Automation improved its performance clearly last year. The company's net sales increased to EUR 76m from 35m. Operating profit amounted to EUR 8.3m, compared with EUR 12m in 2016.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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