Airopack Technology Group AG (SWX:AIRN) made an offer to acquire the remaining 50% stake in Airolux AG from Resilux NV (ENXTBR:RES) for €55.9 million on March 29, 2016. As part of the consideration, Airopack Technology will pay cash consideration of €18.9 million and Resilux's outstanding shareholder loans and financial debts owed to Airolux of around €37 million will have to be repaid as required by the relevant agreements. Pursuant to terms, Resilux has until April 25, 2016 to either unconditionally commit to selling its shares in Airolux to Airopack Technology, or to acquire Airopack Technology's shares in Airolux under the same terms as proposed by Airopack Technology. In the event that Resilux would opt to acquire ATG's shares in Airolux, a 100% Resilux-owned Airolux would not have access to ATG's patented Airopack technology. ATG has terminated the license agreement with Airolux and would independently commercialize the product to continue meeting robust customer demand.

As on April 26, 2016, Airopack Technology Group AG reached an agreement regarding the acquisition of 50% of the Airolux AG from Resilux NV. Airopack Technology will pay a cash consideration of €25 million to acquire Resilux's 50% stake in Airolux. ATG will also repay Resilux's outstanding shareholder loans and financial debts to Airolux of around €37 million. Furthermore, ATG will enter into a Global Preferred Supply Agreement with Resilux under which Resilux will have the first right to supply PET preforms to ATG. Greenhill & Co. and OXEYE Advisors acted as financial advisors, Citadel International acted as advisor and Brandeis and Heron Legal, Froriep and Bryan Cave acted as legal advisors for Airopack Technology Group.

Airopack Technology Group AG (SWX:AIRN) completed the acquisition of remaining 50% stake in Airolux AG from Resilux NV (ENXTBR:RES) on May 13, 2016.