J&T, a Czech-Slovak investment group has purchased a 97.5% interest in Prvni Brnenska Strojirna Brno DIZ (PBS Brno DIZ). The acquisition will give PBS Brno DIZ relief from its financial burdens, while J&T benefits from the opportunities to expand and develop the PBS business and product lines. Terms of the deal were not publicly disclosed.
Prvni Brnenska Strojirna Brno DIZ (www.pbs.cz)
PBS Brno DIZ was founded in 1814, and has a long history in the energy and heating industries. They manufactured their first steam engine in 1824, and a steam boiler in 1856. Today the ISO 9001 certified company’s primary focus is on being a supplier of energy and heating plant equipment.
J&T Finance Groups (www.jtfg.com)
J&T Finance Groups is an investment group operating in the Czech Republic and Slovakia. They are one of the main players in the investment industry throughout Central and Eastern Europe. The company has four primary areas of interest including corporate investments, private banking & financial services, real estate development, and other services targeted at health care, air transport for business, and sports & media.