On November 20, Carraro SpA and Bonfiglioli Riduttori SpA completed the sale of the company O&K Antriebstechnik owned by Carraro Group, launched in November 2015 (with a first transfer of shares equal to 55 %). The value of the transaction of the remaining shares in Bonfiglioli occurred at a total price of 17 million euros.

_'In a particularly dynamic market environment, which sees us engaged in our main sectors of reference in every area of ​​the world, we took the opportunity to accelerate the sale of the remaining share of O&K Antriebstechnik in a logic of further focus on our core business. - comments Enrico Carraro, Chairman of the Group - The validity of the path undertaken three years ago with a serious partner like Bonfiglioli Group is also confirmed by the excellent results of the German company, which has found its natural business positioning'.

'Also thanks to this operation, we will be able to give new impetus to investment in innovation both at R&D and at production processes level, in line with what was already foreseen in our Strategic Plan', concludes Enrico Carraro.

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Carraro S.p.A. published this content on 03 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 December 2018 09:26:09 UTC