# PILLER takes 75.1% majority stake in Korean joint venture Sunteco

Piller Blowers & Compressors has held 75.1 percent of Korean joint venture Sunteco since April 1, 2024, which will be renamed Piller Sunteco Ltd; Sunteco focuses on waste heat recovery and industrial heat pumps for petrochemicals.

- Type: Acquisition
- Announced: 2024-06-21
- Where: South Korea
- Status: completed
- Products: waste heat recovery systems, industrial heat pumps, blowers and compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Piller Blowers & Compressors](https://endata.com/companies/5247.md) (acquirer)
- [Sunteco](https://endata.com/companies/11984.md) (target)

## Sources

- [piller.de](https://www.piller.de/news-events/news/article/majority-stake-in-sunteco/), 2024-06-21: "Piller Blowers & Compressors GmbH has held 75.1 percent of the shares in the Korean joint venture Sunteco since April 1st."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.