The PMI Group, Inc. (OTCPK:PPMI.Q) is planning to acquire three hydraulic equipment plants in Serbia. Alyaksandr Shakutsin, Chairman of Board of Directors of AAT Amkador and Deputy Director General of PMI Group said, "All issues relating to the acquisition of the three enterprises in Serbia have already been settled and we will take part in a bidding auction scheduled for October 10, 2013." Shakutsin added that PMI Group plans to invest more than $30 million in the modernization of the plant, including $25.5 million this year, and also to acquire an enterprise in Homyel and an enterprise in Russia.