Bucher Industries announces a voluntary tender offer for the purchase of all the shares in Jetter AG, Ludwigsburg, Germany
Bucher Industries plans to present Jetter AG shareholders with a voluntary public tender offer at a price of 7.00 euros per share. Bucher Industries has held a stake in Jetter AG since 2005, recently amounting to nearly 30% of the equity. In the last two years, Jetter has generated around 50% of its sales with Bucher Group companies. Bucher Industries is planning to reinforce Jetter’s know-how in the area of automation systems. The aim of the tender offer is to purchase all the shares in Jetter AG. Jetter’s Supervisory and Executive Boards support the takeover offer.