Press Release Company
01.07.2009|On 1 July 2009 start of four cooperation markets

GILDEMEISTER and Mori Seiki (Japan) to start joint sales and services ​​​​​​​

Bielefeld. DMG Vertriebs und Service GmbH, a 100% subsidiary of the GILDEMEISTER group, will commence joint sales and services with the Japanese machine tool manufacturer, Mori Seiki Co. LTD. (Nagoya), on 1 July. This strategic cooperation will start in four markets: Taiwan, Thailand, Indonesia and Turkey. Moreover, the cooperation, which was agreed in March, is intended to cover research and development, purchasing and the worldwide provision of customer financing.

As of 1 July 2009, the two companies will be present on four markets under one brand: DMG/MORI SEIKI . ll four sales and service companies will market the complementary product range of both manufacturers. The joint technology centres ensure a strong product presence, even better local service and support, and fast response times for the customer. GILDEMEISTER and Mori Seiki intend to expand their market presence in Taiwan, Thailand, Indonesia and Turkey through an efficient and widespread sales and service network.
"For the benefit of our customers, we are combining our resources in order to achieve efficiency advantages for everyone," says Dr. Rüdiger Kapitza, chairman of the executive board of GILDEMEISTER. The employees’ know-how and the two companies’ technologies complement each other perfectly. “The fusion of superior technologies and strong sales and service networks brings greater productivity benefits to our customers," states Dr. Masahiko Mori, president of Mori Seiki. 

The alliance between GILDEMEISTER and Mori Seiki opens up synergies in production as well as in research and development. Due to the same system suppliers, significant effects arise in purchasing, materials management and logistics. The aim of this "win-win" partnership is the same for both sides, that is, to achieve synergies of about Euro 15 million per year. 

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.

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