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News 30.06.2017

Acquisition of M&R Automation and Phre IMA Automation by PIA Automation now legally effective

Investor Joyson Forms Globally Positioned Automation Group - New Headquarters of PIA Automation Holding ind Bad NeustadtBad Neustadt a. d. Saale/Grambach. The acquisition of M&R Automation GmbH in Grambach near Graz in Austria, which was announced by PIA Automation Holding GmbH in May 2017, has now become legally effective following the consent of the competent authorities. In the course of the contractual closing, the holding company of PIA Automation moved its headquarters from Frankfurt am Main to the headquarters of the Preh IMA...more

News 11.05.2017

PIA Automation acquires M&R Automation

New Automation Heavyweight emerges - Consolidating Industry 4.0Frankfurt a.M./Grambach. PIA Automation Holding GmbH, which is headquartered in Frankfurt am Main and was spun off from the Preh Group, is acquiring M&R Automation GmbH in Grambach near Graz in Austria from funds advised by Quadriga Capital Beteiligungsberatung GmbH, Frankfurt am Main. PIA Automation, which belongs to the Chinese investor Jeff Wang, is thus forging a global automation specialist which will be one of the top 5 global players on a market dominated by small...more

News 10.05.2017

Preh is growing worldwide and investing heavily in the technology of the future

Promotion to the major league, generating sales of 1 billion plus - total investment of EUR 29 million in Bad Neustadt aloneBad Neustadt a. D. Saale. Preh GmbH can look back on a very successful business year in 2016 as it continues to invest heavily in the future, especially at its headquarters in Bad Neustadt. As a result of organic growth of 14%, as well as the acquisition of TechniSat Automotive (now Preh Car Connect), the Preh Group increased its turnover from EUR 763 million in 2015 to around EUR 1.18 billion and gained...more