As of January 1, 2025, PREIS Group has acquired the Styrian manufacturer of epoxy insulators, GIPRO, securing the long-term future of the Peggau production site with around 100 jobs.
With this acquisition, PREIS Group strengthens its market position and expands its product portfolio in the field of high-quality components for energy distribution.
“GIPRO perfectly complements our portfolio. Together, we can meet the growing demand for high-quality components in energy distribution,” explains Peter Jägersberger, CEO of PREIS Group. “The high expectations of our partners drive us to continuously develop and invest in modern technologies.”
This acquisition is a significant step towards further expanding our strategic direction through sustainable growth.
- Strengthening Corporate Stability
The expansion makes the company more resilient to market changes and crises. - Enhanced Innovation Capacity
Access to new technologies, processes, and markets that benefit all sectors. - Long-term Collaboration and Security
Promotion of a sustainable corporate strategy focused on long-term growth. - Increased Market Competence
Additional market understanding and expertise in business development.
Due to the excellent order situation, GIPRO’s new management team plans further recruitment and investments, providing positive impulses for the Styria region.
Contacts for further inquiries:
PREIS GmbH
Beatrice Jägersberger
Sales & Marketing
+43 2623 7335587
+43 676 88335587
beatrice.jaegersberger@preisgroup.com
www.preisgroup.com
GIPRO GmbH
Julian Englich
Sales & Marketing
+43 3127 20940-110
+43 664 1428806
julian.englich@gipro.com
