HST Maschinenbau is a profitable company, and in 2012 achieved a turnover of almost €5m with a workforce of around 25 people. The price for the stock is in the mid-single-figure-million range.
With this strategic decision, Krones is planning to upgrade its future corporate capabilities in the field of process technology, designed for producing juices and milk, and to expand its global service and maintenance business in this sector.
The agreement is still subject to approval by the antitrust regulators.
© FoodBev Media Ltd 2024