PE firm plans to merge Megadyne with Ammeraal

摘要

ZUG,Switzerland-Partners Group,a private equity firm based in Zug,has completed its acquisition of Megadyne Group and intends to merge it with Ammeraal Beltech to create a broad-spectrum service provider for the belting industry.Megadyne's acquisition,which closed Sept.11.,is another step in bringing the two companies together,according to Philip Cohenca,president and CEO,Megadyne Group Americas.The terms of the acquisition,announced in July,were not disclosed.