Inova Automation Italy S.r.l. entered an agreement to acquire Business Operations from PA Power Automation AG (DB:PPA) on July 6, 2018. The transaction comprises of the entire operating business of PA Power Automation AG and Power Automation GmbH CNC Automatisierungstechnik, by means of an asset deal and the shares of the French subsidiary and the Chinese joint venture held by PA Power Automation AG. The wholly-owned subsidiary Power Automation America, Inc. is not the subject of the transaction. All employees are taken over by Inova Automation.