GKN plc, London, United Kingdom, has signed an agreement to acquire Stromag Holding GmbH, Unna, Germany, a privately held manufacturer of hydraulic clutches, electro-magnetic brakes, and flexible couplings used in agricultural equipment, construction, and mining machinery. GKN expects the transaction, worth 164 million euros (about $230 million) for the equity and repayment of debt of [...]

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