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Conzzeta today announces the signing of a binding agreement to acquire all shares of FMG Fördertechnik and FMG Verfahrenstechnik, Sulgen, Switzerland. The closing of the transaction is planned until the end of 2016. It will complement the product offering of Bystronic, the Sheet Metal Processing business of Conzzeta, with integrated high-bay warehouse solutions and handling systems.
Since 1989, FMG specializes in warehousing, material handling, and sorting systems. With approximately 20 employees it generated net revenue of CHF 6 million in 2015, supporting clients with innovative end-to-end solutions in process and production engineering.
Alex Waser, CEO of Bystronic and Member of the Group Executive Committee of Conzzeta comments: "Within sheet metal processing, the automation of production processes is becoming an important success factor. By joining forces, we merge the know-how from machinery construction, process engineering and automation. This enables us to offer clients around the world seamless solutions from a single source."
-- The 18th China(Guangzhou) Int’l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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