-AGO AG acquires a 75 percent stake in Fittings GmbH Formstücke + Anlagen
-Partial expansion of production scope ensures improved internal business processes
-Move will mean increased quality and speed in operating business
AGO AG Energie + Anlagen (WKN: A0LR41 / ISIN: DE000A0LR415) has acquired a majority stake of 75 percent in the Erfurtbased company Fittings GmbH Formstücke + Anlagen. The company's business encompasses prefabricating fittings and individual components as well as onsite assembly. Fittings GmbH currently generates an average annual order volume of around EUR 1.0 million. Both parties have agreed not to disclose the purchase price of the stake.
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