# PFM acquires majority of ST2 Engineering, creates pfmtechlab R&D center

PFM has acquired the majority shares of ST2 ENGINEERING, renamed pfmtechlab, a new R&D center based in Volvera, Italy, dedicated to mechanical design and development of special solutions for handling and packaging.

- Type: Acquisition
- Announced: 2019-07-11
- Where: Volvera, Turin, Italy
- Status: completed
- Products: special solutions for handling and packaging food and non-food products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [PFM](https://endata.com/companies/22240.md) (acquirer)
- [ST2 ENGINEERING](https://endata.com/companies/40569.md) (target)

## Sources

- [pfm.it](https://www.pfm.it/en/pfmtechlab-born-new-research-development-center-joins-team/), 2019-07-11: "PFM has acquired the majority shares of the Piedmontese company ST2 ENGINEERING, renamed pfmtechlab."

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