WB Group acquires German technology company

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Polish defense technology company WB Group has launched its German subsidiary, WB Germany, in Berlin and acquired a Bavarian manufacturer of drive systems. The acquired company and transaction value were not disclosed.

Polish defense technology company WB Group has opened a German subsidiary and acquired a Bavarian manufacturer of drive systems, Money.pl reported Wednesday. WB Germany began operations in Berlin on November 10, with founder and chief executive Piotr Wojciechowski announcing the acquisition at its launch. The acquired company's name and transaction value were not disclosed.