Porvair Expands Metal Melt Quality Business with €20.5m Acquisition of Drache Umwelttechnik

Porvair ( (GB:PRV) ) has provided an announcement.

Porvair plc has agreed to acquire 100% of Drache Umwelttechnik GmbH, a German developer and manufacturer of filters, consumables and equipment for the molten metal industry, for €20.5 million on a cash-free, debt-free basis funded from existing cash and banking facilities. Drache, a leading supplier to the aluminium filtration market with expected 2025 revenues of about €20 million and around 100 employees across Germany, the US and UAE, will join Porvair’s Metal Melt Quality division, adding complementary products, engineering expertise and a new European manufacturing base alongside the division’s US and Asian operations. The deal, which includes two freehold operational sites in Diez and is expected to complete later today, is anticipated to be earnings enhancing in the year to 30 November 2026 and will leave Porvair in a modest net cash position, reinforcing its strategy of acquiring complementary businesses in structurally growing markets such as aluminium, where demand is driven by recyclability, lightweighting and the shift away from plastics and steel.

The most recent analyst rating on (GB:PRV) stock is a Buy with a £908.00 price target. To see the full list of analyst forecasts on Porvair stock, see the GB:PRV Stock Forecast page.

Spark’s Take on GB:PRV Stock

According to Spark, TipRanks’ AI Analyst, GB:PRV is a Outperform.

Porvair’s overall stock score of 77 reflects its strong financial performance and positive technical indicators. The strategic board changes further bolster its outlook. However, the valuation is only moderately attractive, and the absence of recent earnings call data limits insights into management’s current outlook.

To see Spark’s full report on GB:PRV stock, click here.

More about Porvair

Porvair plc is a specialist filtration, laboratory and environmental technology group whose businesses design and manufacture bespoke consumable filtration products for a range of niche markets. The Group operates through three divisions: Aerospace & Industrial, Laboratory and Metal Melt Quality, with a particular focus on filtration solutions for industries such as molten metals and aluminium processing.

Average Trading Volume: 50,980

Technical Sentiment Signal: Buy

Current Market Cap: £388.5M

See more insights into PRV stock on TipRanks’ Stock Analysis page.