The shareholders of PSS Polymer Standards Service GmbH sold all shares of the company and the stake of the US-subsidiary to Agilent Technologies PSS Holding GmbH.
PSS Polymer Standards Service GmbH was founded 1985 in Mainz and is active in the chemical industry. The company provides polymer reference and carrier materials, engineers software, methods of analysis and turnkey systems for the liquid chromatography (LC) sector with focus on gel permeation chromatography/size exclusion chromatography (GPC/SEC). PSS is further specialized in the fields of LC service analysis and training in LC und GPC/SEC.
PSS Polymer Standards Service GmbH provides their solutions to customers world-wide.
Agilent Technologies, Inc., based in California, US, is a global technology enterprise operating in the life sciences, diagnostics, and applied chemical markets. Agilent Technologies is listed on the New York stock exchange (NYSE: A) and generated revenue of $ 6.32 billion in 2021 and employs 17,000 people worldwide.
The strategic acquisition of PSS Polymer Standards Service GmbH, previously privately held, and the global presence of Agilent Technologies, Inc. enables to expand the use of PSS products and expertise more widely.
FRANKUS provided legal support to the shareholders of PSS Polymer Standards Service GmbH on the transaction. The FRANKUS team consisted of partners Dr. Torsten Bergau (lead management) and tax advisor Yvonne Panknin as well as counsel Charlotte Kaiser and associates Esther Remberg-Schimpf and Britta Scherler.
FRANKUS employs around 65 employees in Düsseldorf, including 25 professionals in tax and legal advice as well as in auditing. The partnership advises German medium-sized businesses as well as international groups. All partners and many staff members previously worked for a „Big Four“ company or an international law firm.