# Gränges invests EUR 4.4M for 51% stake in GETEK GmbH

Gränges invests EUR 4.4 million in cash for 51 percent of GETEK GmbH, a company producing aluminium billets using spray-forming technology. Erbslöh Aluminium GmbH will own 49 percent.

- Type: Acquisition
- Announced: 2017-08-29
- Where: Germany
- Value: $5.20M (4.40M EUR)
- Status: announced
- Capacity: 4,000 tonnes per year
- Products: aluminium billets, spray-formed aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gränges](https://endata.com/companies/3224.md) (acquirer)
- [GETEK GmbH](https://endata.com/companies/26601.md) (target)
- [Erbslöh Aluminium GmbH](https://endata.com/companies/26602.md) (partner)

## Sources

- [prep.granges.com](https://prep.granges.com/newsroom/press-releases/2017/granges-invests-in-advanced-spray-forming-technology-production/), 2017-08-29: "Through the investment, we secure competence and the supply chain within advanced spray-forming technology, well suited for the next generation of materials for heat exchangers."

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