Sassenberg, August 16, 2016 – technotrans AG is acquiring a majority interest of 98 % in the share capital of gwk Gesellschaft Wärme Kältetechnik mbH, Meinerzhagen. The agreements were announced today, Tuesday. The purchase price is in the low double-digit millions; it is to be financed partly with equity capital and partly with borrowed capital. The transaction is due to be completed in the coming weeks. Through the acquisition, technotrans AG is stepping up its activities in the plastics area.

One result is that the company will rank alongside the leading providers of temperature control solutions in that market. The customers of gwk Gesellschaft Wärme Kältetechnik mbH include all leading players in the plastics processing industry, among them plastic machine manufacturers and mechanical engineering companies, as well as companies from the automotive, packaging, chemical and food industries. gwk gwk Gesellschaft Wärme Kältetechnik mbH generated revenue of some EUR 45 million in the 2015 financial year and has around 380 employees.