German truck-tester takes over French Norisko

19th January 2005, Comments 0 comments

STUTTGART, Germany, Jan 19 (AFP) - Dekra, the German vehicle-testing body, said Wednesday it had signed an agreement to acquire more than 95 percent of French industrial services group Norisko with effect from January 31.

STUTTGART, Germany, Jan 19 (AFP) - Dekra, the German vehicle-testing body, said Wednesday it had signed an agreement to acquire more than 95 percent of French industrial services group Norisko with effect from January 31.

Financial details were not disclosed.

Norisko, based in Limoges, had annual sales last year of EUR 160 million (USD 208 million) and a workforce of 2,500.

The deal represents the second major French acquisition for Dekra in recent months.

At the end of last year, the Stuttgart-based group acquired 66 French truck-testing facilities currently operated by the state for EUR 25-30 million.

At the time, chairman Gerhard Zeidler said the transaction represented "an important step towards attaining our goal of becoming the market leader for truck-testing in Europe."

Dekra was already the leader in the car testing sector.

© AFP

Subject: French News

0 Comments To This Article