Alfred Krobath and Franz Grünwald become sole owners of PMS
Alfred Krobath and Franz Grünwald, Managing Directors of PMS Elektro- und Automationstechnik GmbH, have acquired Christof Holding AG’s 51% stake in PMS, with the result that they are now sole owners of PMS.
Christof Holding AG (CHAG for short, based in Graz in Styria) and PMS Elektro- und Automationstechnik GmbH (PMS for short, based in St. Stefan in Carinthia) have agreed that the 51% stake in PMS held by CHAG will be acquired by Alfred Krobath and Franz Grünwald, previously co-shareholders. The acquisition will take effect on 30 July 2017, and both sides have agreed not to disclose the acquisition price.
PMS planned from the start to pursue full independence as a business, and after a 12-year period of growth and development this plan has become reality.
“Our medium-term business plan included this milestone from the beginning. The time has now come for us to operate on the market as a powerful, independent business. We would like to thank the Christof group for such a productive working relationship and a partnership based on mutual trust over the last few years”, said Krobath and Grünwald, now the sole Managing Directors of PMS.
Johann Christof Sr, Chairman of the Supervisory Board at Christof Holding AG, is delighted at this positive development and believes there is still huge potential for cooperation with PMS. “We will definitely continue to work together on various projects and use our mutual expertise for the benefit of customers.”
The Christof Group
The Christof Group is a business operating around the world in the fields of energy and environmental technology, equipment and system manufacturing, and design and engineering of complex industrial plants and special machines. It currently employs 1750 people and has an annual turnover of 350 million euros.
PMS Elektro- und Automationstechnik GmbH
The PMS Group develops advanced partial and all-round solutions in electrical and automation engineering and helps industry customers meet specific requirements and deliver projects – both in Austria and abroad. PMS’s headquarters are in St. Stefan in the Lavanttal valley, and it maintains a strong regional presence and proximity to customers with additional sites in Vienna, Linz, Kapfenberg and Kundl.
As a proud Austrian company, PMS will continue to operate from all its existing sites in Austria. PMS will remain the reliable partner it has always been – with the benefits of being a separate and fully independent business employing more than 300 people. The aim is to continue to develop the business and to address the issues of tomorrow relating to the digital transformation, automation and globalisation.
To achieve continued growth, PMS is always looking for and recruiting highly motivated and qualified staff at all its sites.
Contact details for queries:
Alfred Krobath and Franz Grünwald
Managing Directors / Owners
PMS Elektro- und Automationstechnik GmbH
PMS-Strasse 1 | A-9431 St. Stefan im Lavanttal
Tel.: +43 (0) 50 767 9502