PMS partners with Invest AG for a bright future

PMS Elektro- und Automationstechnik GmbH has been strengthened going forward by the acquisition of a 20% stake by Invest AG.

We are delighted to have found a positive, forward-looking solution for acquiring the shares held by Alfred Krobath, who previously had a 50% stake in the business. “Getting Invest AG on board will help us make the most of combined synergies, put us in an even stronger market position and open up new growth areas. I’m delighted that we have found an Austrian investor to help us take the next step forward in the development of our high-quality business”, said Franz Grünwald, Managing Director and now majority owner of PMS about his future intentions. For him, the Invest AG team’s speed and efficiency were a key factor in a smooth and successful share acquisition.

Investing in the future
Invest AG, based in Upper Austria, will in future work together with Raiffeisenlandesbank Upper Austria as a strategic partner to support the continued development of PMS. “We’re thrilled that we can use our expertise to support an innovative and forward-thinking electrical and automation engineering business”, said Philipp Schupfer, Authorised Officer of Invest AG.

Alfred Krobath, former Managing Director with a 50% stake in PMS, is stepping down and passed on his best wishes for the future to long-term business partner Franz Grünwald and the team of experts at Invest AG: “I’m pleased that I’m leaving PMS in the best possible hands.”