Kanoria Chemicals to Acquire Swiss Firm

Kanoria Chemicals & Industries (Kolkata, India) says it has entered into a share and loan purchase agreement to acquire Switzerland-based APAG Holding, the holding company of APAG Elektronik (Dübendorf, Switzerland). Kanoria will acquire 90% stake in APAG Holding for a purchase consideration of SF6.39 million ($7 million), and the remaining 10% stake will be acquired by 2014 on the basis of a pre-fixed pricing formula, Kanoria says. APAG Elektronik is involved in the development and sale of electronic and mechatronic modules and control devices for the...

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