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GMM Pfaudler Ltd. — M&A Activity 2022
Dec 9, 2022
61612_rns_2022-12-09_7ec07952-fc92-44a1-8351-da7b92791ae8.pdf
M&A Activity
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BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
Press Release
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Agreement to acquire Mixel France SAS
Mumbai, December 9, 2022: GMM Pfaudler Ltd (“GMMP”) through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on December 8, 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd. (collectively known as “Mixel”). The acquisition is subject to French law and will follow the general principles of information and consultation with the works council.
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A total consideration of € 7 million will be paid to acquire 100% shareholding in Mixel and the transaction will be funded through a mix of internal accruals and debt
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Mixel has a consolidated turnover of € 13.2 million as on December 31, 2021
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Subject to certain closing conditions and regulatory approvals, the transaction is expected to close in February 2023
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Mixel designs and manufactures customised mixing systems for a wide range of industrial applications
Management Comment
Mr. Tarak Patel, Managing Director said, “The acquisition of Mixel is in line with our growth and diversification strategy, it further enhances our product portfolio and also strengthens our Mixing business by bringing in additional technology and process know-how.”
About Mixel
Mixel specialises in the design and manufacture of standard and made-to-measure mixing systems used across various industries and has more than 45,000 agitators installed worldwide. Mixel has two manufacturing facilities, one in Lyon, France and the second in Beijing, China.
About GMM Pfaudler Ltd
GMM Pfaudler Ltd delivers corrosion-resistant technologies, systems, and services worldwide and remains the preferred choice by consistently providing its customers in the chemical and pharmaceutical industries with innovative and cost-effective solutions. GMM Pfaudler has 16 manufacturing locations with an extensive sales and service network and employs more than 1,800 people across 4 continents. As part of our global ambition, we continue to make Big Moves that will allow our people, customers, and the communities we operate in to grow.
More information is available at www.gmmpfaudler.com
Contact details
Company Investor Media Priyanka Daga Anuj Sonpal Abhishek Savant DGM Strategic Finance, GMM Pfaudler Ltd Valorem Advisors Veritas Reputation PR Pvt Ltd Tel: +91 22 6650 3900 Tel: +91 22 4903 9500 Tel: +91 8108848822 Email: [email protected] Email: [email protected] Email: [email protected]
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. GMM Pfaudler Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.