GMM Pfaudler enters into an agreement to acquire Mixel France SAS

09 December 2022

GMM Pfaudler enters into an agreement to acquire Mixel France SAS

GMM Pfaudler Ltd (“GMMP”) through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on December 8, 2022, to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd. (collectively known as “Mixel”). The acquisition is subject to French law and will follow the general principles of information and consultation with the works council.

A total consideration of € 7 million will be paid to acquire 100% shareholding in Mixel and the transaction will be funded through a mix of internal accruals and debt. Subject to certain closing conditions and regulatory approvals, the transaction is expected to close in February 2023

Management Comment

Mr. Tarak Patel, Managing Director said, “The acquisition of Mixel is in line with our growth and diversification strategy. It further enhances our product portfolio and also strengthens our Mixing business by bringing in additional technology and process know-how.”

About Mixel

Mixel designs and manufactures customised mixing systems for a wide range of industrial applications. It specialises in the design and manufacture of standard and made-to-measure mixing systems used across various industries and has more than 45,000 agitators installed worldwide.

Mixel has two manufacturing facilities, one in Lyon, France and the second in Beijing, China. It has a consolidated turnover of € 13.2 million as on December 31, 2021.

20 April 2023

NORMAG is certified according to ISO 90001:2015, ISO 45001:2018, Modul H and HP0!

18 April 2023

GMM Pfaudler is participating in Maintenance NEXT 2023!

09 March 2023

HYDROAIR Membrane Separation Systems are now online on our Group website!

02 February 2023

GMM Pfaudler acquires Mixel France SAS

08 August 2022

GMM Pfaudler US Inc. announces a Joint Venture agreement with JDS Manufacturing

03 August 2022

GMM Pfaudler acquires Hydro Air Research Italia

07 June 2022

GMM Pfaudler is participating in CHEMTECH World Expo 2022

27 May 2022

GMM Pfaudler at World Economic Forum in Davos, Switzerland

25 May 2022

GMM Pfaudler appoints Mr. Prakash Apte as an Independent Director

11 May 2022

GMM Pfaudler & Pfaudler Group: Now a Unified Global Entity