Mills Estruturas e Serviços de Engenharia S.A. entered into a purchase and sale agreement to acquire Tecpar Equipamentos for BRL 46 million.
April 18, 2022
Share
Mills Estruturas e Serviços de Engenharia S.A. (BOVESPA:MILS3) entered into a purchase and sale agreement to acquire Tecpar Equipamentos for BRL 46 million on April 18, 2022. The transaction amount will be paid 74% in cash, after the closing date of the Transaction, and the remainder over 5 years. Tecpar Equipamentos recorded in February 2022 an annualized gross revenue of BRL 22.9 million
Mills Estruturas e Servicos de Engenharia SA is a Brazil-based company primarily engaged in the commercial equipment rental. The Company's activities are divided into two business units: Construction and Rental. The Construction division operates in the heavy construction market and offers construction works and services, including formworks and props, as well as access to non-mechanized equipment, mast climbing platforms and scaffolds for the residential and office building construction sector. The Rental division provides leasing and sale of scissor lifts and telescope handlers for construction, trade and manufacturing markets, among others. The Company operates numerous branches across Brazil.
MILLS LOCAÇÃO, SERVIÇOS E LOGÍSTICA S.A. 
