NEWS
Combining strengths
Meusburger takes over PSG Plastic Service GmbH
T
Inwido Finland signs agreement to acquire Klas1
I
nwido Finland, part of Europe’s largest supplier of windows and doors Inwido, has signed an agreement to acquire the company Klas1 Yhtiöt Oy, located in Kuusamo, northern Finland with a turnover of €1.9. million. Klas1, which was founded in 1994, specialises in the manufacture and marketing of low energy fixed windows with opening parts for demanding architectural building projects. “With this acquisition, we complement our offering to cover the needs of demanding architectural building projects. The long experience of Klas1 in the development, manufacture and deliveries for this challenging segment is a very good complement to our existing business,” states Inwido Finland managing director Timo Luhtaniemi. In April 2016, Inwido also announced the acquisition of the majority share in Värmelux Oy. Inwido Finland is the market leader in Finland, manufacturing and marketing windows and doors under the brands Pihla, Tiivi, Eskopuu and Lämpölux. Its headquarters are located in Jyväskylä and its manufacturing plants in Kannus, Ruovesi and Haapajärvi. Visit: www.inwido.com
Kistler Group acquires Schatz Group
W
ith immediate effect, Kistler is taking over Schatz AG in Remscheid (Germany) and its US sales and service company, Schatz USA, Inc., Holly (MI). This acquisition gives the Kistler Group new potential applications in quality assurance in industrial manufacturing. The Schatz Group can now market its systems through Kis-
18 Industry Europe
he Austrian company Meusburger Georg GmbH & Co KG is taking over PSG Plastic Service GmbH located in Mannheim. PSG will continue to operate as an independent enterprise and all of its about 200 members of staff will be retained. Meusburger is the leading manufacturer of highprecision, high-quality standard parts and is, like PSG, a family company with a long tradition. “We are pleased to welcome the employees of PSG into the Meusburger family. With the takeover we have taken on board a strong partner with many years of experience in hot runner and control systems. We will continue to operate the company under the established PSG brand,” says Guntram Meusburger, managing director of
Meusburger Georg GmbH & Co KG. After more than 50 years of successful history, the existing shareholder of PSG is very glad to have a family company as its new owner. Visit: www.meusburger.com
EuroChem acquires Brazilian company Fertilizantes Tocantins E
uroChem Group AG, a leading global agrochemical company, has announced the acquisition of a controlling interest in Fertilizantes Tocantins, a leading fertiliser distribution company in Brazil. The acquisition is in line with EuroChem’s strategy to strengthen its presence in the fast growing Latin American fertiliser market. With Fertilizantes Tocantins’ market expertise, blending facilities and established network of
tler’s global sales network, giving it access to previously underexploited markets. Screw driving is still one of the most elementary basic processes in industrial manufacturing. The monitoring and inspection of screw connections is extremely important in quality assurance, especially in the automotive industry. By acquiring the market and technology leader, the Kistler Group is strengthen-
2000 customers, this acquisition will strengthen EuroChem’s capabilities in the region. Founded in 2003, Fertilizantes Tocantins is strategically located in Brazil’s emerging fertile farming regions in the north, northeeast and mid-west. It has delivered double digit sales growth for seven consecutive years, with fertiliser sales reaching 740,000 tonnes in 2015. Dmitry Strezhnev, EuroChem’s CEO, commented: “The acquisition of Fertilizantes Tocantins creates compelling growth opportunities for EuroChem in Brazil, allowing us to significantly expand our offering of high-quality fertilisers to local farmers.” José Eduardo Motta, Fertilizantes Tocantins’ CEO, added: “With this backing from EuroChem, such an established global fertiliser producer, we are confident in our ability to significantly increase our market share in Brazil.” Visit: www.eurochem.com ing its own position in quality assurance in industrial manufacturing. The takeover is “a logical step for Kistler in the implementation of its overall growth strategy,” says CEO Rolf Sonderegger. “We want to use our measuring technology in even more applications and increase the number of complete systems and targeted services that we offer.” Visit: www.kistler.com
