* Adds 1 bln euros revenue, 160,000 T of copper products
* Sees cost benefits double-figure mlns of euros in 2-3 yrs
* Acquired activities employ 1,100
(Adds detail, dateline pvs FRANKFURT)
HAMBURG, April 29 (Reuters) - Aurubis AG, Europe's largest copper producer, said it had signed an agreement to acquire metals group Luvata's rolled products division for an expected price of 200-250 million euros ($296.7-$370.9 million).
The acquisition price will depend on the value of the net working capital at the time of closing and metal prices, Aurubis said in a statement on Friday, adding the deal is subject to regulatory approvals.
The takeover will add 160,000 tonnes of production copper sheets, strips and plates annually and about 1 billion euros to the company's turnover, said Aurubis Chief Executive Bernd Drouven.
The activities purchased employ about 1,100 staff.
"The acquisition of Luvata RPD will significantly strengthen the copper products segment of Aurubis," the statement said.
"The combined business will benefit from a broader product range and a regional expansion into the North American markets as well as a stronger presence in Europe."
International copper fabricator Luvata's main production sites are in Finland, the Netherlands, Sweden and the United States, and it has additional sales service centres in China.
The acquisition continues the company's strategy of expansion as an integrated copper producer and would bring significant cost benefits, CEO Drouven said, citing figures in double-figure millions of euros within two to three years. Aurubis said it hoped to get regulatory approval by Aug. 1, which would enable it to take operational control.
(Reporting by Michael Hogan; Editing by Jane Baird)