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Manutan: acquires Kruizinga

(CercleFinance.com) - Late on Friday Manutan Group announced the acquisition of 100% of the company Kruizinga's shares.
It is specialised in the online distribution of storage and transport equipment in Benelux.

Kruizinga has sales of 25 million euros, with an operating margin of about 10%.

"The acquisition of Kruizinga will also allow the Group to enrich its product offer and expertise on strategic ranges for Manutan;
to strengthen its positions on the e-commerce channel and to offer innovative digital services;
to enrich its value-added services by offering handling and storage equipment rental, as well as the sale of second hand products within these same equipment ranges; to strengthen its positions in the Benelux," the group said.


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