Enterex International Limited (TSEC:1592) agreed to acquire AVA Group from Haugg-Kuhlerfabrik Gmbh for approximately TWD 200 million on November 11, 2016. The Board of Enterex International passed the resolution for the transaction on November 11, 2016. The transaction is expected to close before the end of January, 2017. The transaction will have positive synergistic effect for Enterex International. As of December 20, 2016, the agreement for the transaction was signed. Gerhard Wegen of Gleiss Lutz, Gide Loyrette Nouel, Chiomenti studio Legale, Macfarlanes, Houthoff Buruma and Wolf Theiss acted as legal advisors to Enterex. Enterex International Limited (TSEC:1592) completed the acquisition of AVA Group from Haugg-Kuhlerfabrik Gmbh on January 23, 2017.