Glaston Completes A+W Software Acquisition, Makes
Additional Name Changes
Glaston Corp. of Finland today completes the acquisition of the
entire share capital of the leading glass industry software company,
A+W Software AG Group, according to an agreement signed May 31.
The purchase price was settled at EUR 20.3 million or (USD $27.6
A+W Software will continue to function as its own business area
under the Glaston Group. The financial reporting of the software
business operations will become available in Glaston's Interim Report
for January-September, which will be released Nov. 8.
In other news, Glaston's subsidiaries Tamglass and Bavelloni have
changed their names to Glaston. While Tamglass and Bavelloni corporate
identities are no longer in use, their well-known names will remain
as strong, leading trademarks in glass processing technology, according
to Glaston Corp.
The Finnish parent company of the Tamglass group, Tamglass Ltd.
Oy now is called Glaston Services Ltd Oy. Tamglass Engineering Oy,
manufacturing and selling safety glass machinery, was changed to
Glaston Finland Oy. The Italian Bavelloni's new name is Glaston
The name change of the companies follows Kyro Corporation's name
change to Glaston in the beginning on June 1. Nearly all Glaston
subsidiaries will change their names during this year, apart from
Tamglass Glass Processing Ltd that operates in Finland.