Enerpac Tool completes acquisition of DTA

Enerpac Tool Group announced that it completed the acquisition of Madrid, Spain-based DTA The Smart Move, DTA, a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is EUR 24 million plus potential for a three-year earn-out tied to the achievement of certain financial objectives. The purchase price will be funded with a combination of cash on hand and borrowings from the Company’s credit facility.