FLOWFRAME completed the acquisition of PFEIFER.

FLOWFRAME, a focused investment holding company for companies in special situations, completed the acquisition of PFEIFER, a specialist for rope and lifting technology. Financial terms were not disclosed. "PFEIFER has been able to generate significant growth in recent years. We would like to thank our entire team and our business partners worldwide for this. With FLOWFRAME, we have found a financially strong partner with whom we want to successfully realize the strategic goals of our group on the international markets," Carlos Carranza, PFEIFER Group CEO.