WIFAG-Services is expected to remain operating out of Freiburg in WIFAG-Polytype facilities after the acquisition is complete.
The proposed transaction is subject to final agreement between the parties and is expected to be finalized by the end of the first quarter of 2018. The deal is subject to regulatory approval.
For the WIFAG-Polytype Group, this represents a further step in its strategic focus on core competencies. The WIFAG-Polytype group has production, sales and service sites in Europe, the U.S. and Asia. It employs nearly 600 people worldwide.
CKP-Services AG is made up of a group of Switzerland-based investors.