- Matthews International Corp (NASDAQ:MATW) completed the acquisition of German-based engineering firms OLBRICH GmbH and R+S Automotive GmbH for €43 million (~$45 million).
- Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent equipment manufacturer specializing in purpose-built rotary processing equipment.
- R+S Automotive is a specialty engineering services provider of automation, plant, and tooling concepts for automotive manufacturing companies worldwide.
- Matthews plans to integrate OLBRICH and R+S Automotive with its Saueressig Engineering and Energy business, part of its Industrial Technologies segment.
- The acquisitions align with MATW’s long-term strategy to offer an extended portfolio of purpose-built engineered equipment and services for the electric vehicle and green energy market.
- MATW held cash and equivalents of $45.85 million as of June 30, 2022.
- Price Action: MATW shares are trading higher by 0.74% at $27.34 on the last check Wednesday.
AstraZeneca Announced Danicopan As Add-on To Ultomiris Or Soliris Improved Haemoglobin Levels And Maintained Disease Control In Patients With PNH Experiencing Signs Of Clinically Significant Extravascular Haemolysis
Results from ALPHA Phase III trial demonstrated statistically significant increase compared to placebo in mean haemoglobin from baseline to week 12. All key secondary endpoints met statistical superiority, showing
