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ERIKS finalised the acquisition of AMG PESCH, Cologne, Germany

ERIKS finalised the acquisition of AMG PESCH, Cologne, Germany

From

Executive board ERIKS nv

Telephone

+31-72 54 75 888

Date

03 February 2011

Subject

ERIKS finalised the acquisition of AMG PESCH, Cologne, Germany

On 22 December 2010, ERIKS announced having reached a preliminary agreement with the provisional insolvency administrator of AMG Pesch GmbH & Co. KG regarding the acquisition of the main assets and commercial activities of AMG Pesch, Cologne, Germany. Meanwhile the Federal Cartel Office (Bundeskartellamt) approved of this acquisition which resulted in the finalisation of the acquisition on 1 February 2011. 

The activities of AMG Pesch comprise the construction, design, manufacture, marketing and sale of high-quality pneumatic valve actuators, special valves, standard valves and assemblies in the field of fluid technology. The company’s customers are original equipment manufacturers (OEM) and end users, particularly in the segments of chemicals, energy, pharmaceuticals, mechanical engineering, food technology and pump and plant construction.

In addition to the company headquarters in Cologne, other sites are operated in Merseburg (Germany) and in Nanjing (China). AMG Pesch is supported by a reliable team of around 80 employees, wide-ranging expertise, many years of experience, a mature and extensive product range and the latest technology in the field of flow technology. These factors have made the company one of Germany’s leading providers in this industry.

This acquisition represents a clear expansion of the market position of ERIKS Germany in the field of fluid technology. The activities of AMG Pesch will be integrated into the existing structures of the ERIKS network in Germany as a Core Competence Centre, allowing ERIKS to continue on its course of completing its product range and focusing on innovative technology-oriented activities.

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