Hilti acquires PEC Group
25 November 2016
The Hilti Group is expanding its product portfolio and is gaining access to new markets with the acquisition of PEC Group – headquartered in Duisburg, Germany. The company expects to close the transaction by the end of 2016.
PEC Group, founded in 2008, has a headcount of approximately 100 employees at its headquarters, the manufacturing site in Suzhou, China, and its sales
locations in Pune, India, and Dubai, UAE. The company develops and produces anchor and installation channels, as well as accessories for fastening
solutions for elevators, façades, plus tunnel and bridge construction applications.
“Due to our strong international growth we were looking for a partner to make better use of our market potential. Hilti is extremely well positioned to
achieve this,” says Bernd Hebborn, PEC founder and CEO. Mr Hebborn and all other PEC team members will continue to be employed in their present functions.
By combining the product lines of the two companies, Hilti will become a one-stop provider offering a broader scope of fastening solutions with anchor
and installation channels. Furthermore, the manufacturing site in China will provide the company with additional capacities and optimise its access
to Asian markets.
“We are convinced that the PEC Group acquisition will not only strengthen our business with anchor channels but also help us to further improve our leading
position in the fastening technology sector,” comments Stefan Nöken, executive board member at Hilti.
The Hilti Group supplies the worldwide construction industry with technologically leading products, systems and services that provide construction professionals
with innovative solutions and superior added value. The Group employs more than 23,000 people in over 120 countries. Hilti generated annual sales of
CHF 4.4 billion (€4.05 billion) in 2015. The headquarters of the Hilti Group is located in Schaan, Liechtenstein.
