GMM Pfaudler Limited announced the signing of definitive agreements to acquire a majority stake in the global business of its parent, the Pfaudler Group from the private equity firm Deutsche Beteiligungs AG Fund VI.
As per the agreements, GMM (directly and through its subsidiary Mavag AG) and the Patel family will acquire, a 54% and 26% equity stake respectively in the Pfaudler Group.
DBAG will continue to retain the balance 20% stake.
DTC recently acquired state-of-the-art cloud-based software, which enhance our capabilities to provide real-time remote assistance to customers anywhere in the world.
The augmented reality of this software application enable us to view the camera stream of a smartphone at a remote location, while making simultaneously annotations on the screen, using VoIP and/or sending text chats.
The visual remote assistance software is ensuring secure connections by adopting industry-standard like SSL and 256-bit AES protocols.