The Corporate Development team explores new growth avenues for PennEngineering. The Company is very active in acquiring new technologies, product lines, smaller privately owned companies, and joint ventures worldwide.

The Corporate Development team maintains contact with an extensive network of leads, ranging from brokers and bankers in the investment banking community to lawyers, accountants, consultants and local banks. The Merger and Acquisition Statement is regularly updated to reflect the strategic needs of the corporation and its operating companies.