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Deal announced Jan 2021 · Germany Verified

Worthington Industries Acquires PTEC Pressure Technology GmbH

Worthington Industries announced the acquisition of PTEC Pressure Technology GmbH, a German manufacturer of valves and components for high-pressure hydrogen and CNG systems. The deal adds 11 employees and an engineering facility to Worthington's global network.

“Worthington Industries Inc. (NYSE: WOR) today announced the acquisition of PTEC Pressure Technology GmbH, a leading independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas (CNG) storage, transport and onboard fueling systems, based in Germany.”

Entities

Worthington Industries Inc. · Acquirer PTEC Pressure Technology GmbH · Target
Other Sentiment: Positive

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