Deutsche Post DHL Group (DPDHL) has signed an agreement to acquire J.F. Hillebrand Group AG and its subsidiaries at an equity value of around €1.5 billion (US$1.76 billion).
The transaction is still subject to merger control clearance in certain jurisdictions, inter alia the European Union and the United States with the clearances being expected in the coming months.
According to the announcement, DPDHL intends to fund the acquisition with available cash.
Hillebrand is a global service provider...