The ERIKS group has made a further step to strengthen its activities in Germany. All shares of Schmitztechnik GmbH in Mönchengladbach have been acquired with retroactive effect from 1 January 2008.
The activities of Schmitztechnik GmbH comprise the marketing, sales and especially the customising of high-quality plastics and rubber components. With 15 employees, the company achieves annual sales of € 5.5 million. Schmitztechnik GmbH serves as well original equipment manufacturers (OEM) as the industrial maintenance market (MRO) mainly in the industrial sectors of food, pharma, special mechanical engineering and energy.
This acquisition is fully in line with the ERIKS strategy to expand its activities with new products and to enter into new market segments.
Schmitztechnik GmbH will be integrated in the existing network of ERIKS Germany. By this, ERIKS Germany, in the product groups rubber and plastics, will be an even more specialised, know-how driven service provider for the modern, future-oriented industry. ERIKS Germany´s regional operating service centres will also make use of Schmitztechnik´s know-how. This will result in an expansion of the assortment and services to our MRO customers.
The acquisition will contribute immediately to the result.
The funds required for this acquisition will be fully financed from the company´s own resources.
Please refer to our website www.eriks.com for detailed information about the ERIKS group.