Breaking news: Maus in Talks to Acquire Savelli and Fritz Hansberg
(PresseBox) (Füssen, )Maus, Savelli and Fritz Hansberg are entering into a strategic partnership agreement under which Maus, world leader in automatic grinding and vertical turning, will acquire both Savelli, world leader in molding lines and sand plants for green sand foundries and Fritz Hansberg, leading provider of core making equipment. The resulting group will be a global leader in foundry automation and machining equipment.
This complementary combination, besides representing a strategic growth platform for the three companies involved, will bring substantial value to customers. With the world's leading core making technology from Fritz Hansberg and the utmost molding line technology from Savelli, Maus in fact completes its portfolio as a full global solution provider for foundries.
Mr. Roberto Sammartin, CEO of Maus, declared: "Recent trends show clearly that the foundry equipment industry is concentrating. The combination of Maus, Savelli and Fritz Hansberg will further strengthen the group's presence in key markets such as Europe, USA and China and will position the group to be a reference point for the industry going forward".
The resulting group will have revenues in excess of 60 million euro.
Maus is an Italian company founded in 1986 with headquarters in Campodarsego, Italy. Over the years the company has established itself as a global leading supplier in both automatic grinding and vertical turning for various fields of application. Recently Maus established joint venture agreements in strategic markets such as USA and China for local manufacturing, sales and service.
Established in 1842 with headquarters in Brescia, Italy, Savelli is a world leader in equipment for green sand foundries. During over 170 years of activity in the foundry industry, Savelli has emerged as a technology leader in engineering, sand preparation plants and high performance automatic flask molding lines for steel, cast iron and non-ferrous castings.
Based in Modena, Italy, Fritz Hansberg is specialized in the design and manufacture of core making and green sand molding equipment. During over 65 years of activity in the foundry industry, the company has been steadily developing the technical excellence that has been its hallmark since its very first days, when Mr. Fritz Hansberg designed and patented the first core-shooter (1949).