FRANKFURT (dpa-AFX) - Dürr's announced acquisition of BBS Automation gave the plant manufacturer's stock a strong boost on Tuesday. In the morning, the stock rose to its highest level in more than a month, most recently trading up 4.5 percent at 29.84 euros. This put Dürr shares at the top of the MDax, which recently showed little change.

With the acquisition of BBS, which will cost up to 480 million euros, the mechanical engineering company aims to more than double its sales in automation technology to around half a billion euros in 2024. The acquisition should be seen as a positive strategic move by Dürr, a trader said in the morning. The price seems to be in order, he added.

According to Baader Bank analyst Peter Rothenaicher, BBS, with its strong growth potential and good profitability, fits well into Dürr's requirement profile. In this respect, the takeover is reasonable and also offers synergy potential. However, the expert sees a surprise in the price and the size of the takeover target.

Christian Cohrs of Warburg Research also sees the deal quite positively: The profile of the acquisition fits in with earlier statements by the management to expand outside the automotive business, he emphasized. Financing should not be a major problem, but the purchase is not a bargain. Moreover, the Group's strategy of expanded activities and end markets jeopardizes the focus on the actual business, he warned./edh/tih/stk