Generac Subsidiary to Buy Ottomotores UK for $46.5M in Cash
Generac Holdings Inc. (NYSE: GNRC) announced today that one of its subsidiaries has signed a definitive share purchase agreement to acquire from a subsidiary of TT electronics plc all of the shares of Ottomotores UK Limited and its affiliates, including the operations of Ottomotores Mexico and Ottomotores Brazil, (collectively “Ottomotores”) for $46.5 million in cash, subject to certain closing net asset adjustments.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.