ERIKS acquires the Maagtechnic Group

From   

Executive board ERIKS nv

Telephone   

+31-72 54 75 888

Date   

11 February 2014

Subject   

ERIKS ACQUIRES THE MAAGTECHNIC GROUP

ERIKS has signed an agreement with Datwyler to acquire all shares of the Maagtechnic Group. Closing is foreseen in April 2014.

The Maagtechnic Group is a leading European industrial service provider, serving OEM (Original Equipment Manufacturers) as well as MRO (Maintenance Repair Overhaul) with operating companies in Switzerland, France, Germany and the Czech Republic.
Maagtechnic is active in the distribution, manufacturing, customizing and engineering of the following competences:

• Sealing, rubber and plastics technology
• Flow and connection technology
• Power transmission and drive technology
• Tools, maintenance and safety products
• Logistics and e-business solutions.

With approximately 580 employees, Maagtechnic realized sales of approximately CHF 150 million in
2013.
For more information about Maagtechnic please visit  www.maagtechnic.ch.

Johan Sleebus, CEO of ERIKS nv, said: “Maagtechnic fits perfectly in the ERIKS family! The company is, as ERIKS, a specialized development partner for the OEM, as well as a reliable service and logistics partner for the industrial MRO customers. With Maagtechnic, ERIKS acquires a strong platform for growth in a new European home market, Switzerland, and significantly strengthens our position in France and Germany. Also the manufacturing facilities in the Czech Republic will lead to
further growth opportunities for the whole ERIKS group, as well as further expansion of our activities in Central Europe. Maagtechnic strengthens our undisputed position as innovative market leader in Europe in all core activities.
With currently over 8000 employees, we continue our expansion plans on both sides of the ocean”
Sleebus concluded.

About ERIKS

Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of engineering components and related technical and logistics services.
ERIKS’ current product range is divided into five core activities: flow technology, sealing and rubber technology, industrial plastics, power transmission and bearings, and tools, maintenance and safety products. ERIKS currently consists of more than 60 companies with 450 branches in 27 countries, serving over 200,000 customers in the MRO, OEM, project and distribution business. In 2013, ERIKS generated net sales of approx. €1.8 billion (USD 2.3 billion) with 7500 employees. ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €20.0 billion (USD 25.6 billion) in 2012.