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SMS Meer acquires majority shares in PWS GmbH

The SMS Group, Germany, has acquired a majority shareholding in PWS Automatisierungs- und Elektrotechnik GmbH, Germany. This deal has expanded the product range of SMS Meer to include plants for the production of spiral-welded pipes using the online and offline process.

In addition to machines for the production of spiral-welded pipes, the PWS product range also includes pipe end finishing machines, hydrostatic pipe testers and the corresponding machine groups. The automation of these and other key machines, together with the integration of the periphery and handling equipment for the complete plant, will also form part of the product range and services offered by PWS.

Dr Joachim Schönbeck, president and CEO of SMS Meer, comments, “With this acquisition we are expanding our spectrum and can thus serve customers even better as a full-line provider.”

PWS will continue to operate as an independent unit within SMS Meer. The sole shareholders to date, Adalbert Pfeiffer and Michael Stark, will remain managing directors of the company and co-owners of PWS. Michael Stark, managing director of PWS GmbH, says, “We see great synergy potential in the merger with SMS Meer. The global presence of the company and its market position as technology leader offer us attractive and sustainable growth opportunities.”

PUBLISHED: 11 May 09 Bookmark and Share
Company:
SMS Group GmbH
Country:
Germany
Tel:
+49 2161 350 0
Fax:
+49 2161 350 1667
Email:
thilo.sagermann@sms-group.com
Website:
www.sms-group.com
Other News from SMS Group GmbH:

»
Bangkok Iron and Steel Works provides FAC for new meltshop to SMS group
»
Production of 3rd generation AHSS grades for the automotive industry
»
Comprehensive revamp of PAO Severstal's tandem mill by SMS group increases quality and capacity
»
Cold rolling all-rounder for Indonesia
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Dongbei Special Steel commissions 80-/100-MN open-die forging press
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JSC Vyksa successfully commissions gap closing press
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Düsseldorf's Mayor Elbers visits SMS Meer stand at trade fair
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Heinrich Weiss turns 70
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Arvedi orders welded tube plant with finishing line from SMS Meer
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Shanxi Taigang reposition themselves with duplex RH plants from SMS Mevac
»
Maanshan successfully commissioned SMS Mevac duplex RH plant
»
Successful commissioning of 320-t duplex RH-TOP plant from SMS Mevac at the metallurgical combine of Novolipetsk (NLMK)
»
SMS Elotherm and Tech Induction Corporation to join forces
»
Ecoplants: SMS Meer presents new sustainability concept at Tube & wire 2012
»
SMS Siemag puts into operation X-Melt® steelworks and X-Cast® continuous caster in Morocco
»
SMS group expects higher order intake than last year
»
Preparation times minimized with continuous billet caster from SMS Concast
»
Inner Mongolia Baotou Steel Union orders heavy-section mill
»
SMS Meer replaces hydrostatic pipe tester at Berg Steel Pipe
»
Drawn steel center at Flanschenwerk Bebitz offers 30 percent higher productivity
»
SMS Meer invests 60 million euros in its Mönchengladbach site
»
METEC: Preparing the ground for new business, attracting and securing new talent
»
Hengyang Valin to produce all tube sizes in future - seamless tube plant from SMS Meer makes it possible
»
Jiangsu Xigang produces first seamless tube on a PQF® mill from SMS Meer
»
SMS Siemag commissions new meltshop in Russia
»
Grinding and polishing machine for bright drawn steel minimizes tooling and changing times
»
SMS group is optimistic for METEC 2011
»
SMS group emerges from the crisis stronger than before
»
SMS Meer opens new site in Shanghai
»
New spiral pipe welding plant for Shengli cuts energy consumption by 30 percent
»
Severstal TPZ Sheksna produces 300,000 t/a on welded tube line from SMS Meer
»
PWS supplies ultramodern plant for pipeline construction
»
SMS Meer’s fourth L-SAW pipe mill in China successfully commissioned
»
SMS Meer acquires majority shares in PWS GmbH
»
SMS Meer acquires Schumag machinery division
»
SMS Meer acquires Schumag machinery division
»
Latest order for 18" PQF plant
»
PQF® roll dressing machine
»
‘World’s largest’ continuous ERW pipe mill
»
On course for success: PQF® technology
»
PQF® roll dressing machine
»
SMS Demag AG takes over Hellingrath
»
New order for PQF mill


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