BERLIN (Reuters) - German industrial robots maker Kuka (DE:KU2G) plans to buy Swiss logistics company Swisslog Holding (S:SLOG) for about 339 million Swiss francs ($358 million).
Kuka, whose customers include major carmakers such as Volkswagen (DE:VOWG_p) and Daimler (DE:DAIGn), said late on Thursday it was offering 1.35 Swiss francs per share, amounting to a purchase price of about 339 million francs.
Kuka said it planned to finance the takeover partly by issuing up to 1.8 million new shares with a nominal amount of 2.60 euros per share. Swisslog's supervisory board has already recommended shareholders accept the offer, Kuka said.
The takeover prospectus will probably be published on Oct. 6 with a four-week tender period likely to be set between Oct. 21 and Nov. 17, the company said.
(Reporting by Andreas Cremer; editing by David Clarke)