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Homag paid €14.3m to acquire stake in Stiles

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Published in issue 35/2014
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Homag Group AG, headquartered in Schopfloch, Germany, paid some US$19.530m or €14.3m to become the sole owner of the US sales and service agency Stiles Machinery Inc., based in Grand Rapids, Michigan, in a deal that closed on 3 February. This information was contained in Homag’s interim report for the first half ...

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