Yadon is one of the leading manufacturers of mechanical presses in China and has annual sales of approximately Euro 120 million. It was agreed not to disclose the purchase price. The acquisition is subject to approval by anti-trust authorities.
Andritz subsidiary Schuler acquires majority stake in Yadon
Schuler AG, a member of international technology Group Andritz, has signed a contract for the acquisition of a 51% stake in the Chinese press and machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon).
Jun 24, 2015. /Lesprom Network/. Schuler AG, a member of international technology Group Andritz, has signed a contract for
the acquisition of a 51% stake in the Chinese press and machine tool
manufacturer Yangzhou Metal Forming Machine Tool (Yadon), as the company said
in the press release received by Lesprom Network.