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PTEC Pressure Technology

ptec.eu

Stage

Acquired | Acquired

About PTEC Pressure Technology

PTEC Pressure Technology creates pipelines, screw connections, filters, non-return valves, electro-magnetic valves, and safety installations, as well as customer-specific developments. The company is based in Germany.On January 7th, 2021, PTEC Pressure Technology was acquired by Worthington Industries. The terms of the transaction were not disclosed.

Headquarters Location

Linde 11

Burscheid, 51399,

Germany

+49 2174 748 722

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Latest PTEC Pressure Technology News

Worthington acquires PTEC Pressure Technology

Jan 7, 2021

Worthington Industries has acquired PTEC Pressure Technology, an independent designer and manufacturer of valves and components for high-pressure hydrogen and CNG storage, transport and onboard fuelling systems. Announcing the acquisition today (7th Jan), Worthington said it is adding products that are adjacent to its pore pressure cylinders business, providing more comprehensive systems for the storage, transport and use of alternative fuels such as hydrogen. The company’s strategy is to be a leading solutions provider in the rapidly growing hydrogen economy, particularly in Europe where strict, mandated emissions reductions are accelerating growth. “Our purchase of PTEC adds to our investments in the growing sustainable mobility markets and expands our systems capabilities to provide more comprehensive solutions to our customers,” said Eric Smolenski, President of Worthington Industries Pressure Cylinders. “Bringing PTEC’s innovative products and proven track record with vehicle manufacturers into the Worthington family of products will streamline the supply chain and further fuel innovations for the hydrogen and CNG economy.” The purchase of PTEC adds 11 employees and an engineering and manufacturing facility located in Burscheid, Germany, to Worthington’s global network. Topics Two Worthington Industries cylinders have received product recognition from the Cradle to Cradle Products Innovation Institute (C2CPII). 2020-11-03T15:14:00Z Chart Industries has acquired the microbulk cryogenic tank intellectual property, equipment and other assets from IC Biomedical, a newly formed biomedical cold storage business.

PTEC Pressure Technology Frequently Asked Questions (FAQ)

  • Where is PTEC Pressure Technology's headquarters?

    PTEC Pressure Technology's headquarters is located at Linde 11, Burscheid.

  • What is PTEC Pressure Technology's latest funding round?

    PTEC Pressure Technology's latest funding round is Acquired.

  • Who are the investors of PTEC Pressure Technology?

    Investors of PTEC Pressure Technology include Worthington Industries.

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