Manz Automation AG acquires the engineering company Christian Majer GmbH & Co. KG in Tübingen
Acquisition opens up additional capacity to realize growth
Christian Majer GmbH & Co. KG currently has almost 80 employees, of which more than 50 are involved in the production and installation of machines. To date the company has concentrated on engineering for processing paper, films and packaging. After the acquisition, the production product range is to be expanded, step by step, to include the production of components and machinery for Manz Automation. In addition to the manufacture of mechanical parts, the company also has additional warehouse and assembly halls available with a total area of around 5,200 m². As the company already assembles component groups for Manz on a job-order basis and is located less than 10 kilometers from Manz AG's headquarters in Reutlingen, the Managing Board believes that expanding the production range will progress rapidly.
Dieter Manz, Manz Automation's CEO commented on the reasons for the acquisition: "This acquisition adds 80 excellently trained employees to our staff rising the number of people up to more than 400 employees worldwide. This will make a key contribution to combating our capacity bottlenecks – which have increased as a result of the rapid increase in our order book over the past few months. The acquisition also lays the foundations for continued strong growth."
Christian Majer GmbH & Co. KG was sold due to the lack of a suitable successor. The acquisition is effective as of January 1, 2008.
Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the world's leading technology providers in terms of market shares for systems for automation, quality assurance and laser process technology for the photovoltaic industry and for automation and wet chemicals for the LCD industry. The Manz Group's core competences are in robotics, image processing, laser technology, wet chemicals as well as control and drive technology. The Manz Group's key strategic divisions are photovoltaic (systems.solar), LCD (systems.lcd) and OEM systems (systems.aico) for automation in various industrial sectors and the life science industry. The Manz Group has sales and service branches in Germany, Taiwan, the USA, China, South Korea, India and Spain. In addition, the Manz Group has its own production facilities in Germany, Slovakia, Hungary, Taiwan and China. The Manz Group recorded revenues of € 71.2 million in fiscal year 2007 with an EBIT margin of 14.1%. More than 57% of revenues were generated abroad, in particular in Asia. The Manz Group recorded revenues of € 101.6 million and an EBIT margin of 11.8% in the first half of fiscal year 2008.