Technotrans AG (DB: TTR1) agreed to acquire 65% stake in KLH Kältetechnik GmbH from Selck GmbH & Co. KG for €3.3 million on December 12, 2012. As per the terms of the agreement, Technotrans would also acquire 65% stake in KLH Cooling International Pte. Ltd and Taicang KLH Cooling Systems Co. Ltd., units of KLH Kältetechnik GmbH. Daniel Selck, KLH Kältetechnik's Managing Partner would continue as the KLH's Managing Director. The deal is effective from January 1, 2013. Daniel-Sebastian Kaiser of Hoffmann Liebs Fritsch & Partner acted as legal advisor to Technotrans in the transaction.

Technotrans AG (DB: TTR1) completed the acquisition of 65% stake in KLH Kältetechnik GmbH from Selck GmbH & Co. KG on January 1, 2013.