.gif?width=220&height=200&mediaprotectionhash=b13da841472e6e7ed500ee35df2a350aaf53d75246118b33ea2095cc7e9a3fc4&ext=.gif)
SMS Meer Acquires Majority Share in PWS Automatisierungs- und Elektrotechnik GmbHSMS Meer takes over a majority shareholding in PWS Automatisierungs- und Elektrotechnik GmbH, a German-based maker of equipment for the production, finishing and testing of s
02/12/2009 - SMS Meer takes over a majority shareholding in PWS Automatisierungs- und Elektrotechnik GmbH, a German-based maker of equipment for the production, finishing and testing of spiral-welded pipe.
SMS Meer GmbH recently took over a majority shareholding in PWS Automatisierungs- und Elektrotechnik GmbH of Markdorf, Germany.
With the acquisition, SMS Meer expanded its product range to include plants for the production of spiral-welded pipes using the online and offline process.
In addition to machines for the production of spiral-welded pipes, PWS also supplies pipe-end finishing machines, hydrostatic pipe testers, and corresponding machine groups. The PWS range of products and services also comprises automation of these and other key machines as well as integration of the periphery and handling equipment for the complete plant.
With the acquisition, SMS Meer expanded its product range to include plants for the production of spiral-welded pipes using the online and offline process.
In addition to machines for the production of spiral-welded pipes, PWS also supplies pipe-end finishing machines, hydrostatic pipe testers, and corresponding machine groups. The PWS range of products and services also comprises automation of these and other key machines as well as integration of the periphery and handling equipment for the complete plant.
“With this acquisition we are expanding our spectrum with excellent and highly innovative products and can thus serve our customers even better as a full-line provider,” commented Dr. Joachim Schönbeck, President & CEO of SMS Meer.
PWS will continue to operate as an independent unit within SMS Meer. The sole shareholders to date, Adalbert Pfeiffer and Michael Stark, will remain Managing Directors of the company and co-owners of PWS.
“We see great synergy potentials in the merger with SMS Meer,” said Michael Stark, Managing Director of PWS GmbH. “The global presence of the company and its market position as technology leader offer us attractive and sustainable growth opportunities.”
SMS Meer GmbH, Mönchengladbach, is a company of the SMS group of Germany. SMS group is, under the holding SMS GmbH, a group of companies internationally active in plant construction and mechanical engineering for the steel and nonferrous metals industry. It consists of the two Business Areas SMS Demag and SMS Meer, which jointly form SMS metallurgy. In 2007, some 8, 00 employees worldwide generated a turnover of about EUR 3.0 billion.
