# Galilé to acquire majority stake in Pee-Wee, merging with Escofier

Galilé, owner of Escofier, will take a majority stake in German machine-tool maker Pee-Wee, creating the world's second-largest cold-forming machine-tool company. The deal is expected to close in June 2022.

- Type: Acquisition
- Announced: 2022-06-02
- Where: Chalon-sur-Saône, France
- Status: announced
- Products: cold-forming machine tools, metal parts for automotive and aerospace
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Escofier](https://endata.com/companies/63287.md)
- [Galilé group](https://endata.com/companies/38522.md) (acquirer)
- [Pee-Wee](https://endata.com/companies/63288.md) (target)

## Sources

- [lejsl.com](https://www.lejsl.com/economie/2022/06/03/le-mariage-d-escofier-et-l-allemand-pee-wee-va-donner-un-numero-2-mondial), 2022-06-03: "Un moment historique pour l'industrie de Chalon, l'association de deux leaders historiques de la formation des métaux."

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