Company takeover
Physik Instrumente (PI) becomes part of the Hoerbiger Group
Physik Instrumente (PI) SE & Co KG, a global family-owned company in the field of motion and positioning technologies, has signed an agreement to be acquired by Hoerbiger, a technology group with a global presence.
"Joining forces with Hoerbiger is an exciting new chapter for us and the logical next step in PI's evolution," says Markus Spanner, CEO of PI. "Together with Hoerbiger, PI will continue its mission to be a leader in precision motion and positioning technology while staying true to its culture and values."
PI's global activities with 1,900 employees will form the new Positioning division within the Hoerbiger portfolio.
Dr. Thorsten Kahlert, CEO and Chairman of the Executive Board of Hoerbiger, emphasizes: "PI and Hoerbiger are a perfect match. Both companies share the same values, attach great importance to customer-oriented innovation and are leaders in their respective markets with their performance-defining products. We are delighted to partner with the PI team and are confident that the merger will make both companies even stronger for the future."
Nothing will change for PI's customers and partners: all existing contracts, conditions, ordering and delivery processes will remain unchanged and the usual contacts will continue to be available. Ongoing programs, development activities and delivery commitments will also continue without interruption.
PI will operate as an independent division within Hoerbiger and will retain its name and brand. The partnership is intended to strengthen the ability to invest in technologies and systems and ensure the long-term stability of the supply chain.
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