acquisition PEM in France
- acquisition PEM SAS, Protection Electrolytique des Métaux (France)
- specialised in reel-to-reel surface treatment of metals
- 180 employees, annual revenue approximately EUR 22 million
Aalberts acquires reel-to-reel surface treatment technology
PEM operates from three production sites near Lyon, France. It has a reputable customer base and focuses on the automotive, general industries and aerospace end markets.
The reel-to-reel surface technology is growing worldwide through many new applications and innovations. PEM and Aalberts are able to accelerate the business through the global service network of Aalberts surface treatment.
The existing management team of PEM, led by Patrice Thivat, will continue to manage the company and drive the expansion plans.
The results of PEM will be consolidated as of 1 June 2018. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities.