GERMANY - Cognetas acquires Gebrüder Gienanth-Eisenberg
Cognetas has acquired engineering business Gebrüder Gienanth-Eisenberg GmbH from Fink Holding, a family holding company, for an undisclosed sum. The transaction is expected to complete in early 2008. Gienanth was founded in 1735, is headquartered in Eisenberg, and produces engine blocks for medium to large diesel and gas engines and compacted graphite iron products for use in clutch and transmission systems in the automotive industry. With 900 employees, Gienanth had revenues of approximately EUR 150m in 2007.
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