GMM Pfaudler to acquire majority stake inthe global business of Pfaudler Group
· Transformational acquisition will make GMM Pfaudler themarket leader in corrosion-resistance technologies, systems and services · Revenue of the combined entity estimated to be around Rs. 20 bn (USD 266 mn*) · Patel family (promoters of GMM Pfaudler) to invest alongside GMM Pfaudler · This acquisition is expected to be earnings accretive immediately to the shareholders of GMM Pfaudler Mumbai: GMM Pfaudler Limited (“GMM” or “Company”) today announced the signing of definitive agreements to acquire a majority stake in the global business of its parent, the Pfaudler Group (“Pfaudler”) from the private equity firm Deutsche Beteiligungs AG Fund VI (“DBAG”). As per the…
