Chinese firm Grandland Holdings acquired Italian company Permasteelisa for $550 million
Grandland Holdings, a Chinese architectural decoration firm, has acquired Permasteelisa Group, a global contractor in installation of architectural interior systems, for $550 million.
Founded in 1973, Permasteelisa is a global contractor in installation of architectural envelopes and interior systems with presence in more than 30 countries, generating a total turnover of around 1.4 billion euros a year and employing more than 6,500 people worldwide. (Based in Shenzhen, Grandland specializes in design and construction of architectural decoration in China generating sales of around $1.6 billion.).
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Filed under China Private Equity, Grandland Holdings
Investors Directory 2022
