With manufacturing facilities in China, Taiwan and the UK, PSM's products include a complete range of inserts for plastics, as well as multiple fastening solutions for sheet metal. PSM works with customers throughout the product life cycle, from design conception through product launch and general production.
Market trends and drivers
The automotive sector in China has seen strong growth and this trend is expected to continue going forward. Further, the recent growth in smartphones has also led to a strong mobile segment.
EQT invested into PSM because of the company’s strong manufacturing capability in China and global sales distribution footprint. PSM also has a long track record and a strong international brand. There are also opportunities to further product development and enter into new segments and geographies.