26 November 2008
A contract was signed on October 31, 2008 in Basel, Switzerland. It was agreed that the purchase price remains confidential. The purchase is subject to antitrust approval. Commenting on the acquisition, chairman of the Executive Board of Bosch Rexroth, Dr Albert Hieronimus said: 'With the acquisition of the two companies, we are strengthening our business with the machine tool industry and are reacting to the increased customer demand for single-source complete solutions'.
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