PETALING JAYA: Favelle Favco Bhd
is proposing to acquire France-based Seram Industries SAS from Marec Industrie SAS for an initial purchase price of 7.5 million euros (RM36mil), with conditional deferred consideration of up to 2.5 million euros (RM12mil) in cash.
Seram specialises in the design, manufacturing, installation, training, servicing and maintenance of lifting cranes and electric conveyors for industrial waste management plants.
