Dear Customers,

GSB OILLESS ltd announced today that it has completed a partial strategic acquisition of MICRONORM GmbH, a leading company in the press tools components sector.

With this partial acquisition, GSB OILLESS ltd becomes a shareholder of MICRONORM GmbH and will have a significant participation in the management and strategic decisions of the company. The company’s position in the press tools components sector opens new avenues of collaboration and growth for both companies.

This strategic partnership will allow both companies to leverage synergies and complementary expertise to offer customers a broader and more diverse range of products/services. MICRONORM GmbH’s industry experience and leadership will be integrated with GSB OILLESS ltd’s resources and capabilities, creating a collaborative and inspiring environment for innovation and growth.

With this partial acquisition, GSB OILLESS ltd reaffirms its commitment to innovation, operational excellence and the creation of shareholder value. We are excited to collaborate with the MICRONORM GmbH team and work together to achieve common goals.