Pittler Maschinenfabrik AG (DB:PIT) acquired 71.3% stake in SWS Spannwerkzeuge GmbH.

Pittler Maschinenfabrik AG is a Germany-based manufacturer and marketer of precision equipment for the metal, mechanical engineering and automobile industry. It is the parent company of the PITTLER Group. The Company reports a single business segment, namely Production, with the operating activities attributable to the subsidiary SWS Spannwerkzeuge GmbH, which specializes in clamping devices. The Company also leases machinery and real estate and offers technical consulting services. It hold interests in numerous other subsidiaries.