GILDEMEISTER acquires automation specialist WKZ
Bielefeld. As per end of the first half-year, GILDEMEISTER has acquired WKZ Werkzeugmaschinen GmbH. This company based in Hüfingen, Baden-Württemberg, designs and manufactures integrated solutions including robot systems for machine tool automation.
The key strength of WKZ is the integration of robot technologies, controls and components. Combined with innovative lathes and milling machines, automated workpiece handling solutions increase productivity, especially for customers in the series production segment. The company founded in 1994 merges technical expertise in both industrial automation and component manufacturing with a strong customer focus and high degree of flexibility. In the past few years, WKZ developed profitably, achieving sales revenues of approx. Euro 6 million in 2006. GILDEMEISTER plans to further expand the company’s business mainly by rounding off its product offerings and intensifying sales and service activities. Within a year, the company aims to achieve sales revenues in the amount of approx. Euro 15 to 20 million.
GILDEMEISTER intends to strengthen its market position in the growing automation segment. In the future activities will be concentrated in “DMG Automation GmbH”. This group company will be presented already at EMO 2007 in Hanover, the world’s largest trade fair of the machine tool industry. GILDEMEISTER will publish its interim figures for the first half of 2007 on 2 August 2007.
The Executive Board
Disclaimer, Forward-looking statement
Statements relating to the future:
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