NBSL ACQUIRES ITALIAN DOOR-MAKER PRISMA

        NBSL M&E Technology Co., Ltd. of Shanghai has announced its acquisition of a majority stake in Prisma Spa. of Mezanni, Italy, a global manufacturer and supplier of automatic doors for elevators. The acquisition was conducted through NBSL's European holding company based in Bergamo, Italy. NBSL noted it has seen consistent revenue growth in both the Chinese and Indian markets. NBSL President Lu Feng said, "We are excited for the acquisition of Prisma, a company with a long history and formidable knowhow in the automatic door business," adding that the acquisition is "one of the pillars" of the NBSL's global strategy. Luciano Sorio, former major stakeholder, said he will remain president of Prisma's board of directors "to guarantee a smooth and effective transition."