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The Durr Group (DUERF.PK), a German mechanical and plant engineering firm, said that it has signed a deal to acquire BBS Automation Group. Durr expects the deal to further expand its automation technology business.
German stocks rose on Tuesday after data showed Germany's consumer price inflation eased further in May to the lowest level in more than a year, as initially estimated.
By David Sachs Duerr shares rose Tuesday after the company acquired Germany-based BBS Automation Group from a consortium led by Swedish private-equity firm EQT for between 440 million and.