M&A
GMM Pfaudler acquires Italian engg co HARI for 4.96-M euros
Publicly listed, glass-lined equipment maker GMM Pfaudler Ltd is to acquire 100% stake in Milan, Italy-based advanced separation technology player Hydro Air Research Italia S.r.l. (HARI) for Euro 4.96 million from Ainvest Private Equity S.r.l. The acquisition, to be funded through internal accruals and is expected to be completed in August 2022. HARI designs and manufactures advanced separation systems for process applications with membrane separation systems for the pharmaceuticals, chemicals, food, dairy and energy sectors. It recently entered sectors such as plant-based proteins, bioplastics and lithium purification. The company reported a turnover of Euro 7.9 million for CY 2021.
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