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Companies: Interpump buys GS-Hydro international activities

Finnish group leader in seamless piping systems

30 December, 17:05
(ANSA) - MILAN, DEC, 30 - Interpump has signed a binding contract to acquire the international business activities of the Finnish group GS-Hydro, world leader in the design and construction of piping systems in the industrial, naval and offshore sectors, reported a press release issued by the Italian group, according to which GS-Hydro revolutionised the sector by inventing seamless piping systems. The agreement provides for the acquisition of subsidiaries in the United Kingdom, Spain, Austria, Germany, Denmark, Benelux, Poland, Sweden, United States, China, South Korea, Singapore and Brazil, as well as the manufacturing activities of the Finnish parent company GS -Hydro Oy, including international patents and certifications. The purchase price agreed for the acquisition is 9 million. The completion of the individual acquisitions in each country is expected by the end of February. (ANSA).

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