on H&K AG (isin : DE000A11Q133)
H&K AG Acquires Chrom-Müller to Expand Strategic Holdings
H&K AG has announced the acquisition of Chrom-Müller Metallveredelung GmbH, marking a significant expansion move. This acquisition, finalized on November 28, 2024, in Oberndorf am Neckar, involves all shares and several properties owned by the Stark and Müller-Stark family. The agreed purchase price is a high single-digit million euro sum.
This strategic acquisition is crucial for H&K AG, as it enhances their expertise in chromium plating for weapon pipes, a critical area of their operations. Additionally, it allows H&K AG to diversify by exploring sustainable applications in various industries, such as automotive, mechanical and plant engineering, and aviation.
Further details about the transaction remain confidential by agreement among the parties involved. This development underscores H&K AG's commitment to expanding its strategic capabilities and market presence.
R. H.
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