Sensor maker Gefran eyes M&A opportunities in Germany and North America, CEO says

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MILAN : Gefran, an Italian company specialised in sensors, is looking to take over peers in Germany and North America that have revenues of 10-20 million euros ($11.04 million-$22.09 million), its Chief Executive Marcello Perini said.

"We are looking at the German market, but if there should be opportunities in North America, we would evaluate them carefully," Perini said.

This year, meanwhile, will end with revenues in line with 2023, but with somewhat lower margins compared to previous years, he said.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Year Gefran Milan Million Italian Perini Looking Revenues Euros Cent Company

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-09-09 @ 23:19:56 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 304 words

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News ID: 22436977

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