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Pankl: Acquisition of US-company

Published: January 29, 2011; 00:28 · (Vindobona)

The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%

Pankl: Acquisition of US-company / Picture: © Pankl

In 2006, the US investor Admirality Partners acquired a 25% stake in Pankl Aerospace Systems, Inc. At that time Pankl negotiated a buyback option. Pankl exercised this buyback option and hence increased its stake back to 100%.

Pankl develops, manufactures, maintains and distributes mechanical systems in the high-tech field for dynamic components in the global niche markets of…

This article includes a total of 67 words.

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