Onex to exit KraussMaffei to Chinese consortium for €925M
January 12, 2016
Onex has agreed to sell German industrial machinery supplier KraussMaffei Group for €925 million to a group of investors led by China National Chemical (ChemChina). GUOXIN International Investment and AGIC Capital joined the deal, reportedly the largest one-off investment of Chinese capital into a German company. KraussMaffei manufactures machinery and systems used to produce and process rubber and plastics. Onex had purchased the company in 2012.