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21 Apr 2009
The administrators of power systems supplier Axeon have announced that a buyer has been found for the company.
Grant Thornton's Malcolm Shierson and David Dunckley said that Axeon would be wholly acquired by multinational foreign trade and logistics company AG Holdings.
AG Holdings said it would provide Axeon with the financial resources to pursue an ambitious development plan. It added that the acquisition will not result in disruption to customer and supplier relationships.
Further reading:
Axeon Holdings goes into administration
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