Kramp S.r.l. signed a binding agreement to acquire RAICO S.R.L. from Emak S.p.A. (BIT:EM) for €5.5 million on March 6, 2018. Following the acquisition, Kramp and RAICO will be merged into one location and a new warehouse with offices in the area of Reggio Emilia is expected to be built. RAICO reported turnover of approximately €12.8 million and EBITDA of €0.5 million at December 31, 2017. The closing is subject to the usual obligations and conditions typical for such a deal and is expected within the current month of March.