Transport technology – US financial investor buys Schaltbau – Economy

Munich-based traffic technology specialist Schaltbau is about to be taken over by US financial investor Carlyle. Carlyle announced an offer of 53.50 euros per share, 32% above Friday’s closing price. This corresponds to an enterprise value of 709 million euros. Carlyle has already obtained 69 percent of the shares thanks to commitments from previous shareholders. Schaltbau’s board of directors wants to support the offer. Carlyle has given assurances that the existing structure and locations of the Schaltbau Group and its workforce will be retained.

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