December 20, 2016 / 12:07 PM / 7 months ago

BRIEF-Schaeffler buys electric motor manufacturer Compact Dynamics GmbH

1 Min Read

Dec 20 (Reuters) - Schaeffler AG :

* Acquires electric motor manufacturer Compact Dynamics GmbH (seller: Semikron International GmbH)

* Acquisition of 51 percent of the shares of Compact Dynamics GmbH, a manufacturer of high-performance electric motors

* Transaction is envisaged to be completed in the first quarter of 2017 and the parties are bound to secrecy about the details Source text - bit.ly/2hDwH6S Further company coverage: (Gdynia Newsroom)

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