Addtech acquires PGS Tec GmbH
Addtech Process Technology, a business area in the Addtech Group, has today signed an agreement to acquire 85 % of the shares outstanding in PGS Tec GmbH (”PGS”). PGS designs, assemble and install customised water and gas supply systems to pharmaceutical, industrial and laboratory customers. The offering covers the entire spectrum of pipeline infrastructure, including valves, instrumentation and automation as well as service and maintenance. PGS has 15 employees and a turnover of approximately EUR 7 million and is headquartered in Wolpertswende, Germany. PGS will become part of and