G.A. Braun

BRUSSELS: Belgian industrial laundry machinery manufacturer JENSEN-GROUP NV said on Monday it has acquired the heavy-duty laundry equipment business of U.S.-based G.A. Braun, Inc. for $39.4 million, in a move to strengthen its manufacturing and service network in North America. The acquisition, executed by JENSEN’s North American subsidiary, gives the European company a state-of-the-art production…