Acquisition Maagtechnic Group
FromExecutive board ERIKS nv
Telephone+31-72 54 75 888
Date2 April 2014
SubjectACQUISITION MAAGTECHNIC GROUP
On 11 February 2014, ERIKS announced having reached an agreement with Datwyler to acquire all shares of the Maagtechnic Group. This acquisition has been finalized successfully on 1 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.
For more information about Maagtechnic please visit www.maagtechnic.ch
About ERIKSFounded in 1940, ERIKS is a leading international industrial service provider offering a wide range of engineering components and related technical and logistics services.
ERIKS’ current product range is divided into five core activities: flow technology, sealing and rubber technology, industrial plastics, power transmission and bearings, and tools, maintenance and safety products. ERIKS currently consists of more than 60 companies with 450 branches in 27 countries, serving over 200,000 customers in the MRO, OEM, project and distribution business. In 2013, ERIKS generated net sales of approx. €1.8 billion (USD 2.3 billion) with 7500 employees. ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €20.0 billion (USD 25.6 billion) in 2012.