Swiss purchase

Thursday 07 January 1999 00:02 GMT

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DOUGHTY HANSON, which claims to be Europe's leading independent private equity company, has agreed to acquire Tornos Bechler, based in Moutier, Switzerland.

Tornos Bechler is a leading manufacturer of high performance automatic lathes for producing precision turned machine parts. The existing management of the company will remain, and it is intended to float the business on the stock market within three to five years.

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