PVA TePla AG, headquartered in Wettenberg, Germany, has announced that Peter Abel, founder and long-standing chairman of the organisation’s board, retired on February 28, 2023. He will also end his advisory role, which he’s fulfilled since 2017, when he reaches the age of seventy and has sold his remaining share package (approx. 14%).
Abel laid the foundation for today’s PVA TePla AG in 1991 with a management buy-out led by him. The company, which initially had a workforce of around fifty, focused on the construction of process equipment for the production and refinement of materials under high temperature, vacuum and pressure.
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“We thank Peter Abel for his always forward-looking mind and trustful cooperation over the past years. He has shaped the company with his entrepreneurial spirit and deep understanding of technology over three decades. Today, PVA TePla is excellently positioned globally to benefit from the growth of the megatrends of digitalisation, renewable energies and electromobility,” stated Alexander von Witzleben, chairman of the supervisory board of the company. “We wish Peter Abel the very best.”
PVA Industrial Vacuum Systems GmbH, a subsidiary of PVA TePla AG, manufactures a range of vacuum and high temperature heat treatment systems, including vacuum sintering and sinter-HIP furnaces.