Anton Paar acquires Petrotest Group
Petrotest and Anton Paar signed the purchase contract on February 28. Petrotest will now be called “Petrotest GmbH, a company of Anton Paar” and continue operations at its headquarters in Dahlewitz, near Berlin. An expansion of the premises is planned. The acquisition of the Petrotest Group represents the largest purchase in the history of Anton Paar. In 1996 Anton Paar acquired Physica Messtechnik GmbH in Stuttgart. This is now managed as Anton Paar Germany GmbH, a 100% subsidiary. In 2006, Anton Paar purchased the Graz-based company MSB Morocutti GmbH, which is now integrated into the Anton Paar Group as Anton Paar ShapeTec GmbH. 2007 saw the acquisition of Dr. Wolfgang Kernchen GmbH in Seelze-Letter, Germany, which is now Anton Paar OptoTec GmbH.
The new 100% subsidiary, will be the seventeenth to join the Anton Paar Group.
Petrotest was established in 1873, by Berthold Pensky. The company became well known for producing equipment for determining the flash point of petroleum products using the Pensky-Martens method.
Anton Paar operates in the fields of density and concentration measurement, the determination of dissolved CO2, rheology and the material characterisation of surfaces. Customers include the largest soft drink and beer manufacturers in the world, as well as companies in the food, chemical and pharmaceutical industries. Established in 1922 as a one-man locksmith’s workshop in Graz, Austria, Today highly precise measuring instruments for quality control in the laboratory and production are developed and produced almost exclusively in-house. 20% of the annual turnover is invested in Research and Development.
Volkmar Wierzbicki, former owner and CEO of Petrotest said “I am pleased that … Anton Paar, which is known for its excellent company culture, employee orientation and highly precise and high-quality products, will be the new owner of Petrotest. It is important to me that the location in Dahlewitz is secure for the long term.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/01032012/anton_paar_acquires_petrotest_group/
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