Alpina is offering 2.90 marka ($1.6/1.5 euro) per each Alpina FOGS share in the buyout offer, it said in a bourse filing.
The offer is valid for 28 days from the announcement date.
Alpina FOGS's total share capital of 592,273 marka is divided into 204,232 shares, each with a par value of 2.90 marka.
Ziri-headquartered Alpina was founded in 1947.
(1 euro = 1.95583 marka)