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Zhuzhou CST Times Electric Co to acquire PE-backed SMD

Zhuzhou CST Times Electric Co. has agreed to buy Soil Machine Dynamics Ltd, which was backed by Inflexion Private Equity, it was announced on SMD’s site. No financial terms were disclosed for the transaction that is expected to close between two and four months. Based in the UK, SMD is a maker of remote intervention equipment. To read the post, visit here.