Spectator on facebook

Spectator on facebook

Penta buying majority stake in German engineering company

Slovak investment group Penta is buying a 75-percent stake in German engineering firm Gehring Technologies Holding from another German company, Stargate Capital, which will retain the remaining 25-percent stake, Penta announced on Thursday, October 4.

Slovak investment group Penta is buying a 75-percent stake in German engineering firm Gehring Technologies Holding from another German company, Stargate Capital, which will retain the remaining 25-percent stake, Penta announced on Thursday, October 4.

"The transaction is now subject to the approval of the anti-monopoly offices and its value will not be disclosed," Penta stated, as quoted by the TASR newswire. According to Martin Kúšik, who is responsible for Penta's expansion and business development in Germany, this marks Penta's entry into the German market and further steps will follow. Gehring Technologies Holding deals with engineering technologies that are used mainly in the automotive and aviation industry. The company forecasts earnings of €130 million for 2012. It currently employs 630 people, 530 of them in Germany.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4