OTI Greentech AG reaches principle agreement to acquire joint venture partner KMI Cleaning Solutions, Inc.

OTI Greentech AG / Key word(s): Takeover
OTI Greentech AG reaches principle agreement to acquire joint venture partner KMI Cleaning Solutions, Inc.

18-Sep-2020 / 16:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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A joint venture with KMI Cleaning Solutions, Inc. has already been in existence since May 2017 under a distribution and framework agreement with OTI Greentech AG. Both partners have worked together successfully since that time.

John C. Kiasalus, OTI's Chief Executive Officer, said, 'The combination of OTI's technical capabilities with KMI's strong market presence and customer support provides us with excellent opportunities to strengthen OTI's competitive position in the U.S. and to internationalize KMI's operations.'

Contact us:

OTI Greentech AG
Dr. John C. Kisalus
info@oti.ag
Tel. +49 69 905505-51
Potsdamer Platz 1, 7.OG
10785 Berlin

edicto GmbH
Axel Muehlhaus, Dr. Soenke Knop
sknop@edicto.de
Eschersheimer Landstr. 42-44
60322 Frankfurt

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