Family-owned Busch buys stake in Pfeiffer Vacuum
German vacuum pump maker Busch, owned by the eponymous family, has bought a 15% stake in competitor Pfeiffer Vacuum for around €145 million ($161 million).
"As a long-term investor we see a financial investment in Pfeiffer Vacuum as an attractive opportunity to profit more from the potential of a market that we know well," second-gen Sami Busch, one of the company’s five managing partners, said in a statement.