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Article: Switzerland's Ammann buys Czech road-roller maker Stavostroj.
- Article from:
- Czech Business News
- Article date:
- January 12, 2005
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Switzerland's Ammann buys Czech road-roller maker Stavostroj
Prague. January 12 INTERFAX EUROPE - Swiss engineering firm Ammann has acquired a 92 % stake in the largest Czech road-roller maker Stavostroj from the Czech investment group Epic, the business daily Hospodarske noviny (HN) reports Wednesday.
The value of the transaction was not disclosed, says HN.
Stavostroj's annual sales amount to some CZK 1 bn. In 1H 2004, Stavostroj posted CZK 632 mln in sales, an increase of 23 %yr/yr, and a profit of CZK 30 mln, double the figure a year earlier.
Stavostroj exports 90 % of its output, ...