MSX BUYS INTO GERMANY’S CADFORM

US product development services company MSX International Inc, has bought an unspecified stake in German computer-aided design and tooling services vendor Cadform GmbH, from the town of Hamburg. John Risk, president of MSX’s product development services, says that the acquisition adds significant capability to our product development services offering in German. Cadform’s principle market is in the automotive sector. The Auburn Hills, Michigan-based company did not reveal the amount paid for Cadform, which has annual sales of around $14m.

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