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MAG IAS GmbH (MAG) and BA Composites GmbH, a company of the Broetje-Automation group, have signed an agreement on the sale of MAG business unit Composites to BA Composites GmbH.
The agreement will become effective after meeting the usual requirements and obtaining approval from the antitrust authorities. It has been agreed not to disclose any details. With a sales volume of appr. 6 Mio. € in 2013 and 7 employees in total the business unit Composites represents only a peripheral business area.This sale completes MAG’s refocusing on its core business in the automotive sector.About MAG:MAG is a manufacturing technology group with manufacturing, sales and service locations in Germany, the USA, China, India, Hungary, the UK, and Switzerland. With a strong foundation based upon renowned machine tool brands such as Boehringer, Cross Hüller, Ex-Cell-O, and Lamb, MAG has become a global player since its founding in 2005. MAG serves the automotive and truck industries and their suppliers with unmatched technology and expertise.MAG offers machine tools, manufacturing systems, and services including turning, milling, honing, systems integration, automation & software, services, retrofit, e-learning, and core components. As full scale supplier, MAG manufacturing solutions include a comprehensive range of equipment and technologies, process capability and full turnkey systems. With an in-depth knowledge of applications and manufacturing requirements, MAG partners with its customers to continuously reduce their production costs. More information: www.mag-ias.com