Kendrion to sell China operations for EUR 70 million on cash and debt-free basis

Kendrion to sell China operations for EUR 70 million on cash and debt-free basis

Kendrion, a leading provider of precision components for industrial automation, has announced plans to sell its China operations for EUR 70 million on a cash and debt-free basis. The transaction is expected to close in the coming months, subject to regulatory approvals and other customary closing conditions.

Kendrion's decision to divest its China operations reflects a strategic shift in its global expansion strategy. The company aims to focus on its core competencies and strengthen its market presence in key regions. The sale will also help Kendrion optimize its balance sheet and improve its overall financial health.

The buyer for Kendrion's China operations is not yet disclosed, but industry experts speculate that the acquisition could be a strategic move by a local or regional player looking to expand its footprint in the precision components market.

This move follows a series of strategic initiatives by Kendrion to streamline its operations and enhance its financial performance. In recent years, the company has been actively investing in research and development to innovate and stay competitive in the rapidly evolving industrial automation sector.

For more information on Kendrion's operations and financial performance, refer to the latest annual report and other official communications from the company.

References:

[1] https://humanoidroboticstechnology.com/