Strengthening the engineering and membrane equipment businesses through the acquisition of Deutsche KNM GmbH
First written in FY2025. 1 of 2 entries say "Dropped", first in FY2026. Latest entry: FY2026.
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- FY2026DroppedAnnual report
「In February 2025, the company entered into an agreement with KNM Process Systems Sdn Bhd (hereinafter, “KNMPS”) to acquire all shares of Deutsche KNM GmbH, a wholly owned subsidiary of KNMPS engaged in the manufacture and sale of heat exchangers, membrane equipment and other products (hereinafter, the “Agreement”). At a meeting of the Board of Directors held on 29 January 2026, the company decided to terminate the Agreement and notified KNMPS of the termination on the same date.」
The company decided on 29 January 2026 to terminate the share acquisition agreement for Deutsche KNM GmbH and withdrew the acquisition plan. - FY2025First statedAnnual report
「In February 2025, the company reached an agreement to acquire the shares of Deutsche KNM GmbH of Germany. It will strengthen its competitiveness by combining its ceramic technologies with the engineering and membrane equipment expertise of the Borsig GmbH group under Deutsche KNM GmbH.」
In February 2025, the company entered into an agreement to acquire all shares of Deutsche KNM GmbH. The purchase price is €270 million, and completion is scheduled after obtaining approval from the relevant authorities. The company aims to combine the expertise of the Borsig Group with its ceramic technologies.