# GMM Pfaudler to acquire majority stake in Pfaudler Group

GMM Pfaudler Limited signed agreements to acquire a 54% stake in the global business of the GMM Pfaudler Group from DBAG for about USD 27.4 million. The Patel family will acquire an additional 26%, making GMM the ultimate holding company and creating a world leader in corrosion-resistance technologies.

- Type: Acquisition
- Announced: 2020-08-20
- Where: Germany
- Value: $27.4M
- Status: announced
- Products: corrosion-resistance technologies and systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [GMM Pfaudler Group](https://endata.com/companies/35985.md) (acquirer)
- [GMM Pfaudler Group](https://endata.com/companies/35985.md) (target)
- [Deutsche Beteiligungs AG Fund VI](https://endata.com/companies/49297.md) (partner)

## Sources

- [gmmpfaudler.com](https://www.gmmpfaudler.com/gmm-pfaudler-to-acquire-majority-stake-in-the-global-business-of-pfaudler-group), 2020-08-20: "GMM Pfaudler Limited today announced the signing of definitive agreements to acquire a majority stake in the global business of its parent, the GMM Pfaudler Group from the private equity firm Deutsche Beteiligungs AG Fund VI."

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