# 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.

- Type: Acquisition
- Announced: 2020-12-01
- Where: Köflach, Styria, Austria
- Jobs: 350
- Status: announced
- Products: steel forged parts, aluminum forged parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Pankl AG](https://endata.com/companies/51569.md) (acquirer)
- [Krenhof AG](https://endata.com/companies/51570.md) (target)

## Sources

- [krone.at](https://www.krone.at/2288347), 2020-12-01: "Durch die Übernahme des weststeirischen Traditionsbetriebs mit 260 Mitarbeitern holt man sich Know-how ins Unternehmen."

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