Acquisitions28 Jul 2025, 08:51 pm
HLE Glascoat Subsidiary Acquires 100% Stake in HLE Surface Technologies GmbH for 29,000 Euro
AI Summary
Thaletec GmbH, a wholly owned subsidiary of HLE Glascoat Ltd, has acquired 100% of the equity share capital of HLE Surface Technologies GmbH (formerly known as Blitz F25-14 GmbH) on 28th July, 2025. The acquisition cost was 29,000 Euro, and Thaletec has acquired all 25,000 shares of the Target Entity, representing 100% of the share capital. The Target Entity is based in Germany and is involved in the manufacturing of engineering equipment. It was incorporated on 30th April 2025.
Key Highlights
- Thaletec GmbH, a subsidiary of HLE Glascoat Ltd, has acquired 100% stake in HLE Surface Technologies GmbH
- The acquisition cost was 29,000 Euro
- HLE Surface Technologies GmbH is involved in the manufacturing of engineering equipment
- The Target Entity was incorporated on 30th April 2025
- The acquisition has been completed on 28th July, 2025