Tru-Test to slim down significantly in planned deal with Datamars

Mon, 07 May 2018

By Paul McBeth May 7 (BusinessDesk) - Tru-Test Corp plans to shed the bulk of its businesses, signing a conditional deal to sell its retail solutions and milk meter divisions, amounting to 85 percent of group revenue, to Switzerland-based Datamars. The transaction is subject to shareholder agreement at a special meeting planned for June, and Overseas Investment Office approval, something Datamars has already achieved with its recent acquisition of Simcro Holdings. The deal was done in the first eight months of new chief executive Simon M...

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