Paguasca acquires Faist Anlagenbau Group
By DJ Slater11 February 2021
Paguasca Holding AG of Zug, Switzerland, has acquired the Faist Anlagenbau Group, based in Krumbach, Swabia, Germany. The acquisition includes all subsidiaries.
The Faist Anlagenbau Group specializes in industrial sound insulation. The company has two primary business units – power systems and acoustic systems. The power systems division designs, manufactures and installs sound insulation products in power plants, as well as provides air intake systems for the low-noise delivery of conditioned intake air for gas turbines and their soundproof housings.
The acoustic systems business unit supplies industrial sound insulation systems, acoustic measuring and testing facilities for several industries. The business unit designs and builds all systems at its Krumbach and Bremen, Germany plants.
The Faist family has owned and managed the business in Krumbach for almost 120 years. Under its umbrella, Paguasca Holding AG combines a group of companies in the energy sector. The German plants will retain 165 jobs.