Germany: Trajan acquires Axel Semrau with cash and debt

Trajan Ringwood site

ASX-listed Trajan Group has completed the acquisition of Germany-based specialist in chromatography and gas analysis, Axel Semrau and Semrau Immobilien for €14.75m (US$16.65m) and €2.25m respectively. The transaction is funded through a combination of cash and debt. Adjustments, including accumulated undistributed profits total €2.85m in favour of the sellers, and are to be paid by…

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