Nynomic AG (XTRA:M7U) entered into an agreement to acquire MGG MICRO-GLÜHLAMPEN-GESELLSCHAFT Menzel GmbH from L. Possehl & Co. MbH on September 29, 2021. The consideration consists mainly of shares in Nynomic AG; 0.117 million Nynomic AG ordinary shares will be granted through a non-cash capital increase from authorized capital.

The highly profitable company has around 20 employees and annual sales of approximately €2.5 million. The final takeover of MGG Micro-Glühlampen-Gesellschaft Menzel GmbH is expected in the near future.