Gurit has announced that it has signed an acquisition agreement with PH Windsolutions for an undisclosed purchase price. The transaction comprises the business of PH Windsolutions Inc., based in Montreal, Canada, including its staff, operating assets and product IP in the form of an asset deal, as well as PH Windsolutions B.V., based in Oldenzaal, The Netherlands.
The closing of the transaction is expected by the end of August 2017. PH Windsolutions specialises in wind blade mould automation systems (mould turning systems, mould alignment and clamping systems, mould heating systems and shear web installation devices) and related installation and customer service. The company has also started to supply the aerospace industry with manufacturing automation systems. The acquisition helps to achieve full global presence for Gurit Tooling, especially in the American region with the new location in Montreal, Canada, on top of the existing Gurit Tooling presence in Taicang, China and in Szczecin, Poland. Founded in 2008, PH Windsolutions currently employs 66 staff in total. The company generated a turnover of around CHF 12 million in 2016. Gurit intends to integrate the acquired business activities into its Tooling Business Unit. The management with Marc Robitaille as President and Ian Comishin as Director of Operation with their entire team are committed to staying with Gurit Tooling.
