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The two companies signed a contract to this effect on Oct. 24, 2019.
October 28, 2019
By: Anthony Locicero
Copy editor, New York Post
Meyer Burger Technology Ltd announced that it is selling its subsidiary AIS Automation Dresden GmbH (Germany) to S&T AG in Linz (Austria). The two companies signed a contract to this effect on Oct. 24, 2019. S&T AG is taking over all business units of AIS as well as the roughly 140 employees. The contract is subject to customary completion conditions and has to be approved by the antitrust authorities in Germany. The transaction will therefore probably be completed towards the end of ...
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