GMM Pfaudler Limited has informed the Exchange that its subsidiary, Pfaudler GmbH, has completed its investment to acquire 51% stake in GMM Inox sp. z o.o. ( JV Co ) on May 19, 2025.
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GMM Pfaudler has informed the exchange that its subsidiary, Pfaudler GmbH, has completed the investment to acquire a 51% stake in GMM Inox sp. z o.o. on May 19, 2025. This is an update to the company's earlier intimation from December 20, 2024, when the investment and shareholders' agreement was signed. GMM Inox is a joint venture between Pfaudler GmbH and local partners in Poland. The purpose of this acquisition is to set up an engineering and manufacturing facility in Poland, expanding the company's European footprint.
Positive for shareholders — the company is expanding its global manufacturing presence through a controlled JV, though the 51% stake means minority partners share decision-making. No open offer triggered as this is a subsidiary-level investment, not a direct listed-company acquisition.