GMM Pfaudler announced that it has
successfully completed the transaction to acquire a majority stake of its parent, the Pfaudler Group
(Pfaudler) from the private equity firm Deutsche Beteiligungs AG Fund VI (DBAG), after receiving all
necessary regulatory approvals.
Pursuant to the acquisition, GMM has become the ultimate holding company of the Pfaudler group, with the
entire business of Pfaudler being consolidated into GMM.
The combined revenue of the entity is estimated
to be around Rs 2000 crore (USD 267 million).
GMM is now the world leader in corrosion-resistance technologies, systems and services with 12
manufacturing facilities across 8 countries and 4 continents and employing around 1,500 people.
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GMM Pfaudler on the lookout for acquisitions after buying the parent company gives it access to new tech, markets
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GMM Pfaudler on the lookout for acquisitions after buying the parent company gives it access to new tech, marketsBy
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“We want to not only be a player in the glass-lined or the anti-corrosion (equipment) space but also in the chemical processing and pharma processing space. So, acquisitions are definitely an important part of our strategy,” Tarak Patel, managing director of GMM Pfaudler, told ET.
Mumbai: Process equipment maker GMM
Pfaudler is weighing more acquisition and expansion opportunities even as it completes the purchase of its overseas parent, the Pfaudler Group.