LONDON, UK: The 600 Group Inc. entered a non-binding letter of intent (LOI) with a U.S. based operationally-oriented mid-market private equity firm regarding the potential disposal of a majority interest in the business and assets of the Group’s wholly owned TYKMA Electrox and Control Micro Systems industrial laser businesses in the U.S. The LOI envisages…
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600 Group completes disposal of machine tool solutions division
LONDON, UK: 600 Group plc, the Industrial Laser Systems Business (AIM: SIXH), and certain other Group companies had entered into a conditional sale and purchase agreement with Timesavers Acquisition LLC (the “Buyer”) relating to the disposal of the entire issued share capital of each of 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd…