# Hager Group agrees to acquire Pmflex

Hager Group has signed an agreement to acquire Pmflex, an Italian specialist in plastic pipes for electrical systems, from Deutsche Beteiligungs AG. The transaction is subject to regulatory approvals and expected to close in early 2023.

- Type: Acquisition
- Announced: 2022-12-23
- Where: Almenno San Bartolomeo, Bergamo, Italy
- Jobs: 150
- Status: announced
- Products: plastic pipes for electrical installations
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Deutsche Beteiligungs AG](https://endata.com/companies/5437.md) (investor)
- [Hager Group](https://endata.com/companies/28799.md) (acquirer)
- [Pmflex](https://endata.com/companies/67777.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/de/hager/pressreleases/presseinformation-hager-group-vereinbart-uebernahme-von-pmflex-3226819), 2023-01-10: "Die Transaktion ist ein wichtiger Schritt unserer Wachstumsstrategie und wird unser Angebot weiter verbessern."

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