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Electronics Production | April 05, 2005

MTL buys GeCma

MTL Instruments Group PLC, a British electronic instrumentation company, has bought GeCma, a German maker of operator display units for use within hazardous industrial areas.

MTL bought GeCma from Frank Kellershohn for an initial sum of 10 MEUR, with a further 2 MEUR payable depending on future profits. MTL expects the deal to be earnings enhancing in the year to Dec 31 2005.
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