GMM Pfaudler to acquire an additional 46% stake in GMM International from Millars Concrete Technologies and Deutsche Beteiligungs for $43.5m.

GMM Pfaudler, a corrosion-resistant technologies, systems and services deliverer, agreed to acquire an additional 46% stake in GMM International, an engineered equipment and system manufacturer and supplier, from Millars Concrete Technologies and Deutsche Beteiligungs, an investment firm, for $43.5m. “Our international business is now fully integrated and our expected efficiency levels are playing out in terms of growth and margins. Therefore, this is a natural conclusion to our original transaction by which we are completely consolidating the shareholding to fully accrue earnings and synergies,” Tarak Patel, GMM Pfaudler Managing Director.