Addtech acquires INDAG Maschinenbau GmbH
Addtech Process Technology, a business area in the Addtech Group, has today signed an agreement to acquire 90 % of the shares outstanding in INDAG Maschinenbau GmbH (“INDAG”). INDAG produces and sells dynamic inline mixers to the process industry with a main focus on the food and chemical segments. INDAG has a strong niche position in an internationally growing market and the company's solutions are exported globally. The company is headquartered in Borsfleth, Germany, has 40 employees and annual sales of approximately EUR 5 million. INDAG will complement the operations within