Senata gmbh intends to acquire ABM Greiffenberger Antriebstechnik GmbH from Greiffenberger AG (DB:GRF) on August 12, 2016. Senata gmbh signed an agreement to acquire ABM Greiffenberger Antriebstechnik GmbH from Greiffenberger AG (DB:GRF) on September 5, 2016. The Supervisory Board of Greiffenberger AG approved in principle the sale of ABM Greiffenberger Antriebstechnik GmbH. The Management Board of Greiffenberger AG will now conduct final negotiations with the purchaser and the financing partners of the Greiffenberger Group concerning the necessary contracts, especially the purchase agreement for the shares in the ABM Greiffenberger Antriebstechnik GmbH. The transaction is subject to various closing conditions. The expected closing of the transaction is September 30, 2016.