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M&A Deal Summary

PTF Group Acquires Hitega

On February 20, 2014, PTF Group acquired machinery company Hitega

Acquisition Highlights
  • This is PTF Group’s 2nd transaction in the Machinery sector.
  • This is PTF Group’s 2nd transaction in Germany.

M&A Deal Summary
Date 2014-02-20
Target Hitega
Sector Machinery
Buyer(s) PTF Group
Deal Type Add-on Acquisition

Target

Hitega

Gangkofen, Germany
Hitega is a manufacturer of high-precision components for use in plug and play sub-assemblies that include electronic, pneumatic, and optical components. Hitega was founded in 1990 and is based in Gangkofen, Germany.

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Buyer(S) 1

Buyer

PTF Group

Stollberg, Germany
Category Company
Founded 1992
Sector Machinery
Employees137
Revenue 10M EUR (2010)
DESCRIPTION

PTF Group is a manufacturer of mechanical high-tech precision parts and assemblies. PTF Group was founded in 1992 and is based in Stollberg, Germany.

DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 Heinz Fiege & Co. KG

Hattersheim am Main, Germany

Heinz Fiege GmbH & Co. KG is a manufacturer of turned and milled parts for hydraulic and pneumatic machinery.

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