Pedrollo Group completed the acquisition of a 70% stake in PM Technology.

Pedrollo Group, a company that specializes in the design, manufacturing, and distribution of water and energy-related products, completed the acquisition of a 70% stake in PM Technology, an Italian manufacturer specializing in submersible motors and pumps. Financial terms were not disclosed. The acquisition will strengthen the Group’s capabilities and expertise in submersible motors and provide PM with a global platform to increase direct sales of its products.