Hibino Europe B.v. agreed to acquire unknown stake in Avx Gmbh from Hibino Corporation (JASDAQ:2469), Chaw-Chaw HKG Eastman GbR, Denis Papin and others on February 24, 2022. AV-X GmbH plans to change its trade name. AV-X GmbH has a sales of €3.7 million for the Fiscal year ending March 2021.

The transaction is expected to close in Early March 2022.