# Grandland Group to acquire Permasteelisa shares for $467 million

Grandland Group has agreed to acquire LIXL Group Corporation's shares in Permasteelisa Group for a base sale price of $467 million, creating a major global curtain wall player.

- Type: Acquisition
- Announced: 2020-05-16
- Value: $467.0M
- Status: announced
- Products: architectural envelopes, curtain walls
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Permasteelisa](https://endata.com/companies/6464.md) (target)
- [Grandland Holdings Group](https://endata.com/companies/26463.md) (acquirer)
- [LIXL Group Corporation](https://endata.com/companies/47287.md) (partner)

## Sources

- [constructiondigital.com](https://constructiondigital.com/facilities-management/grandland-group-joins-forces-with-permasteelisa-to-create-major-global-architecture-player), 2020-05-16: "Combining Permasteelisa’s position as a premium leader in the market and its scale across EMEA, North and South America as well as parts of Asia, along with Grandland’s industrial integration capabilities and strength in China, will create an even a bigger player in the curtain wall segment globally"

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