# Worthington Industries acquires German valve maker PTEC Pressure Technology

Worthington Industries has acquired PTEC Pressure Technology GmbH, a German designer and maker of valves and components for hydrogen and CNG storage systems, based in Burscheid, Germany. The company has 11 employees.

- Type: Acquisition
- Announced: 2021-01-07
- Where: Burscheid, Germany
- Status: completed
- Products: hydrogen and CNG valves, high-pressure components
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Worthington Industries](https://endata.com/companies/3706.md) (acquirer)
- [PTEC Pressure Technology GmbH](https://endata.com/companies/7466.md) (target)

## Sources

- [ir.worthingtonenterprises.com](https://ir.worthingtonenterprises.com/news/news-details/2021/Worthington-Industries-Acquires-German-Valve-and-Component-Company/default.aspx), 2021-01-07: "The purchase of PTEC adds 11 employees and an engineering and manufacturing facility located in Burscheid, Germany, to Worthington's global network."

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