Manz Automation AG acquires the engineering company Christian Majer GmbH & Co. KG in Tübingen

12/19/2007 07:45:00 CET

Acquisition opens up additional capacity to realize growth

Manz Automation AG, one of the world's leading producers of automation, quality assurance and laser process technology systems for the photovoltaic and LCD industry, has acquired Christian Majer GmbH & Co. KG. The companies agreed not to disclose the purchase price. This acquisition gives Manz access to additional capacity
which will allow it to successfully realize its dynamic growth.

Christian Majer GmbH & Co. KG currently has almost 80 employees, of which more than 50 are involved in the production and installation of machines. To date the company has concentrated on engineering for processing paper, films and packaging. After the acquisition, the production product range is to be expanded, step by step, to include the production of components and machinery for Manz Automation. In addition to the manufacture of mechanical parts, the company also has additional warehouse and assembly halls available with a total area of around 5,200 m². As the company already assembles component groups for Manz on a job-order basis and is located less than 10 kilometers from Manz AG's headquarters in Reutlingen, the Managing Board believes that expanding the production
range will progress rapidly.

Dieter Manz, Manz Automation's CEO commented on the reasons for the acquisition: "This acquisition adds 80 excellently trained employees to our staff rising the number of people up to more than 400 employees worldwide. This will make a key contribution to combating our capacity bottlenecks – which have increased as a result of the rapid increase in our order book over the past few months. The acquisition also lays the foundations for continued
strong growth."

Christian Majer GmbH & Co. KG was sold due to the lack of a suitable successor. The acquisition is effective as of January 1, 2008.

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