Gränges completes acquisition of GETEK GmbH and creates the new business unit Gränges Powder Metallurgy
Gränges’ previously announced acquisition of the remaining 49 per cent of the shares in GETEK GmbH was closed today. In connection with the acquisition, the name of the company will be changed to Gränges Powder Metallurgy GmbH and will constitute a new business unit within Gränges, focusing on advanced aluminium powder and spray forming technology. Today’s press release follows the announcement on 17 September 2020 of Gränges’ agreement to acquire the remaining 49 per cent of the shares in GETEK GmbH as well as the business Dispal[®], including production assets, intellectual properties