Yesterday afternoon Feintool reached agreement with Mikron on the sale of automation specialist IMA Automation Berlin GmbH, based in Berlin, Germany, to the Swiss industrial group at the beginning of 2012. All 71 employees will transfer to Mikron. The deal will be finalized once the responsible competition authorities have given their approval.
Subject to the approval of the responsible competition authorities, the sale will take place retroactively with effect from 1 January 2012. Feintool and Mikron have agreed not to disclose the price. "In Mikron we are delighted to have found a buyer that is a good strategic and operational fit for IMA Berlin," said Heinz Loosli, Feintool CEO, commenting on the sale. "This will safeguard the site's continued development over the long term. Feintool regards the sale as a further step in the process of focusing on its core businesses. We are particularly pleased that we can offer all 71 affected employees and apprentices good perspectives in the Mikron Group."
About the Feintool Group
As world market leader in fineblanking technology with around 1,400 employees, Feintool is the only global supplier to offer its customers the entire process of fineblanking with state-of-the-art press technology through to the mass production of fineblanking components and sophisticated assembly technology. The IMA site in Berlin, Germany, specializes in high-quality, reliable automation systems for the automotive and solar industry. 71 employees create innovative solutions for primarily European customers.
About the Mikron Group
The Mikron Group is a globally operating, leading provider of machining and automation solutions for the large-series manufacturing of high-precision products. Its main markets are the automotive supply, pharmaceutical and medtech, writing instrument, electronics and watchmaking industries. As such Mikron and IMA Berlin are an excellent match for each other. The Group employs around 1,000 people, most of whom work in Switzerland. Mikron also has sites in Germany, the United States, Singapore and China. www.mikron.com
Further information may be obtained from Karin Labhart, Media Spokesperson, at any time by calling +41 (0)32 387 51 63 or e-mailing karin.labhart@feintool.com.
The press release can be downloaded from the following link:
