MAX Automation AG plans to acquire majority shareholding in the activities of the Chinese mechanical engineering company Shanghai Cisens Automation Co., Ltd.

The Management Board of MAX Automation AG signed an investment agreement today to acquire a majority shareholding in the activities of the Chinese mechanical engineering company Shanghai Cisens Automation Co., Ltd. MAX Automation AG plans to acquire a 51 % stake as a first step with the option of purchasing all remaining shares in the years to come. To carry out this transaction, Shanghai Cisens Automation’s business operations are to be transferred to a new company as part of an asset deal in which MAX Automation AG will hold 51 % and the founder and CEO Roger Lee 49 % xb vlf prukap.

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