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PMG MittelstandsGruppe invests in toolgrinding specialist GDS and initiates succession plan

With the support of the Frankfurt-based private equity investor PMG MittelstandsGruppe GmbH (PMG), GDS Präzisionszerspanungs GmbH (GDS), a Baden-Württemberg-based manufacturer of tool grinding products and products for machine tool manufacturing, has secured its succession: PMG acquired the majority of shares in the specialist of high-precision clamping devices for grinding applications, which was founded in 1998, and initiated the expansion as well as the international growth strategy of GDS with the new management, two long-standing internal managers.

Press release in German here