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GERMANY

Körber Group sells machine tools unit

03 Jul 2018. Körber Group, the holding company that owns the Hauni network, has completed the sale of its United Grinding Group machine tools unit, Körber Group said in a press release.

United Grinding Group, whose technologies are used in diverse industries such as automotive, tools, and machine tools, was sold to a group of investors organised by Swiss BZ Bank Aktiengesellschaft.

The sale was closed and took effect on 29 June.