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WIRE
2/2009 March
 
 

SMS Meer acquires majority shareholding in PWS Automatisierungs- und Elektrotechnik GmbH

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Mönchengladbach/Germany (SMS Meer) – In December 2008 SMS Meer GmbH, Mönchengladbach, a company of the SMS Group, Germany, took over a majority shareholding in PWS Automatisierungs- und Elektrotechnik GmbH, Markdorf, Germany. SMS Meer has thus 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 spiralwelded pipes, the PWS product range also includes pipe end finishing machines, hydrostatic pipe testers and the corresponding machine groups. The automation of these and other key machines as well as the integration of the periphery and handling equipment for the complete plant also form part of the range of products and services offered by PWS.
Dr. Joachim Schönbeck, President and CEO of SMS Meer: “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.”
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.
Michael Stark, Managing Director of PWS GmbH: “We see great synergy potentials in the merger with SMS Meer. The global presence of the company and its market position as technology leader offer us attractive and sustainable growth opportunities.”


 
 
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