Mumbai, December 23, 2024: GMM Pfaudler Limited through its subsidiary Pfaudler GmbH, Germany, has entered into an Investment and Shareholders’ Agreement on December 20, 2024, to acquire 51% stake of a limited liability company in Poland.
· This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing global manufacturing capabilities and competitiveness.
· The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.
· Investment of PLN 12.2 million will be made to establish this facility and the transaction will be funded through internal accruals
Management Comment
Mr. Thomas Kehl, CEO International Business said: “This acquisition reflects our continued focus on delivering cost- effective, high-quality solutions for our customers. Establishing this facility in Poland aligns with our vision of strengthening our market presence in Europe and beyond.”
