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Dec 1, 2020ACQUISITIONKöflach, Styria, Austria

Pankl AG acquires Krenhof AG

Pankl AG Gruppe from Kapfenberg is acquiring Krenhof AG, a steel forging company in Köflach, Austria. The closing is expected in early 2021, and the forging units will be merged into one unit with about 350 employees.

Jobs

350

Status

Announced

Productssteel forged partsaluminum forged parts

CompaniesPankl AG acquirer Krenhof AG target

Sectors#Automotive Components #Industrial Machinery

“Durch die Übernahme des weststeirischen Traditionsbetriebs mit 260 Mitarbeitern holt man sich Know-how ins Unternehmen.”krone.at

1 source
krone.atStahlschmiede - Überraschender Deal: Pankl übernimmt Krenhof AG | krone.atJakob TrabyDec 1, 2020

Summarized from public sources; check the original articles before acting on it.

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