VBG Group acquires Tüschen und Zimmermann
VBG Group’s division Ringfeder Power Transmission is acquiring the industrial brake business of Tüschen und Zimmermann. The acquisition will provide the division with access to products that complement its current product range and thereby strengthen its offering to customers.The acquired business is estimated to contribute to Ringfeder Power Transmission's European business with a turnover of EUR 1.5 million and has an estimated EBITA margin of 20 percent. The acquisition relates to Tüschen und Zimmermann's industrial brake business and includes product rights as well as both tangible