Indutrades acquisition of Stein Automation approved
As announced in a press release on 13 January, Indutrade has today completed the acquisition of all the shares in the German company Stein Automation GmbH & Co. KG (www.stein-automation.de/wp/en/), after approval by the German Competition Authority, Bundeskartellamt.Stein Automation, with annual sales of approximately EUR 10 million, is a supplier of Pallet transfer systems for assembly-lines. The systems are Industry 4.0-ready and built up by standardized modules, providing flexible configuration and re-modelling features, to optimize the customers’ production processes. The customers are