The Hilti Group from Liechtenstein took over the PEC Group on December 1, with the aim of further expanding their market position in the area of fastening solutions. PEC Vertriebs GmbH stopped its business operations on 30.11.2016. This was taken over 01.12.2016 by PEC Europe GmbH under the same address.
“Due to our strong international growth we were looking for a partner to make better use of our market potential. Hilti is extremely well-positioned to achieve this," says PEC founder and CEO Bernd Hebborn. Mr. Hebborn and all other PEC team members will continue to be employed in their present functions.
By combining the product lines of the two companies, Hilti will become a one-stop provider offering a broader scope of fastening solutions with anchor and installation channels. Furthermore, the manufacturing site in China will provide the company with additional capacities and optimize its access to Asian markets. “We are convinced that the PEC Group acquisition will not only strengthen our business with anchor channels but also help us to further improve our leading position in the fastening technology sector,” comments Hilti Executive Board member Stefan Nöken.