Lifco has signed an agreement to acquire the majority of Wachtel of Germany, a turnkey supplier of piping, conduit piping and air shaft technology. Wachtel mainly operates in Germany. Wachtel had revenues of approximately 2 MEUR in 2016 and has 14 employees.
The operation will be consolidated in Proline Group in Business Area Systems Solutions, division Construction Material.
Proline Group expands its operations in Germany and Switzerland
After years of cooperation it was finally time, Wachtel AG is now a part of Proline Group. The deal strengthens Proline Group's presence in Germany.
"With the skilled staff at Wachtel, Proline Group becomes even stronger and we welcome our new colleagues to the Proline Group" says Martin Linder
Denis Wachtel will continue to work as CEO of the company, and business will continue as usual.
"I see a positive future for Proline in the area, especially when it comes to our own DIBt approved Proline method" says Denis Wachtel
This deal also includes partnership in the Swiss company SprayLine.
Read the press release >>
