ERIKS ACQUIRES THE MAAGTECHNIC GROUP
14/02/2014 ERIKS UK
ERIKS has signed an agreement with Datwyler to acquire all shares of the Maagtechnic Group. Closing is foreseen in April 2014. The Maagtechnic Group is a leading European industrial service provider, serving OEM (Original Equipment Manufacturers) as well as MRO (Maintenance Repair Overhaul) with operating companies in Switzerland, France, Germany and the Czech Republic. Maagtechnic is active in the distribution, manufacturing, customizing and engineering of the following competences:-€¢ Sealing, rubber and plastics technology
-€¢ Flow and connection technology
-€¢ Power transmission and drive technology
-€¢ Tools, maintenance and safety products
-€¢ Logistics and e-business solutions.
With approximately 580 employees, Maagtechnic realized sales of approximately CHF 150 million in 2013. For more information about Maagtechnic please visit www.maagtechnic.ch
Johan Sleebus, CEO of ERIKS nv, said: "Maagtechnic fits perfectly in the ERIKS family! The company is, as ERIKS, a specialized development partner for the OEM, as well as a reliable service and logistics partner for the industrial MRO customers. With Maagtechnic, ERIKS acquires a strong platform for growth in a new European home market, Switzerland, and significantly strengthens our position in France and Germany. Also the manufacturing facilities in the Czech Republic will lead to further growth opportunities for the whole ERIKS group, as well as further expansion of our activities in Central Europe. Maagtechnic strengthens our undisputed position as innovative market leader in Europe in all core activities. With currently over 8000 employees, we continue our expansion plans on both sides of the ocean" Sleebus concluded.
For more information, please visit: www.eriks.co.uk
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