ROVEMA GmbH signed an agreement to acquire Hassia Packaging Private Limited from I.M.A. Industria Macchine Automatiche S.p.A. (BIT:IMA) for €3.1 million on July 16, 2020. The transaction is subjected to certain conditions precedent. The transaction is expected to close by the end of July 2020. White & Case LLP acted as legal advisor to I.M.A. Industria Macchine Automatiche. Kartick Maheshwari, Deepak Jodhani and Vinita Krishnan of Khaitan & Co. acted as legal advisor to I.M.A. Industria Macchine Automatiche. PSA Legal and Jan Hermes, Andreas Merkner and Christian Karbaum of Glade Michel Wirtz acted as legal advisor to ROVEMA GmbH. ROVEMA GmbH completed the acquisition of Hassia Packaging Private Limited from I.M.A. Industria Macchine Automatiche S.p.A. (BIT:IMA) on July 31, 2020. Hassia India will continue to operate under its existing brand name and Managing Director K. Ravi and the current employees at the production site at Pune will remain.