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Announced

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

Synopsis

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.

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