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Generac Holdings Inc.
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.
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