Plansee sells Powder Metallurgy parts manufacturer PMG Group

December 16, 2011

PMG, a leading global supplier of sintered components and systems for the automotive industry, has been sold to Vermögensverwaltung Erben Dr. Karl Goldschmidt GmbH (VVG), an asset management company based in Essen, Germany.

PMG’s parent company, Plansee Group, had announced its intention to sell PMG in spring 2011. Plansee stated that it plans to focus more strongly on developing its molybdenum and tungsten- based materials.

“PMG had been part of the Plansee Group for over 50 years, and so we were looking for a buyer who would ensure the sustainable development of the company,” stated Michael Schwarzkopf, Chairman of the Executive Board at Plansee.

Albert Frederick Freiherr von Dörnberg, Managing Director of VVG, added “We believe that PMG has huge potential. We plan to expand the company by further developing its systems business, strengthening its presence in growth markets, and developing innovative products that meet future transport needs, such as products for electric and hybrid vehicles. PMG also fits in really well with VVG’s industry portfolio.”

Headquartered in Luxembourg, PMG has an annual turnover of over €180m and employs around 1150 people at its seven production plants in Spain, Germany, Austria, the USA and China. The company manufactures a wide range of PM parts and systems for manual / double clutch transmissions, automatic transmissions, engines, oil pumps and shock absorbers, as well as soft magnetic composites for electrical applications.

www.pmgsinter.com  

Edited by: Paul Whittaker, Editor ipmd.net, [email protected]   

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

 

www.ipmd.net

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link