MAG IAS

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MAG IAS GmbH

logo
legal form GmbH
founding April 2005
Seat Eislingen , Germany
management Gerald Weber, Luigi Maniglio, Bin Sun, Sai Keung Esmond Yip
Number of employees 904
sales EUR 287.80 million
Branch Mechanical and plant engineering
Website www.mag-ias.com
As of December 31, 2017

The MAG IAS GmbH (MAG Industrial Automation Systems) is a German engineering company based in Eislingen that the Taiwanese conglomerate since 2015 Fair Friend Group belongs (FFG).

Companies

The company manufactures machine tools and manufacturing systems. The company produces machine and technology solutions for the areas of process engineering , automated production, turning and milling technology , production of vehicle drives, composite material processing, servicing and maintenance, automation and control technology , software and core components for machine tools. The customers come from industries air - aerospace, automotive and commercial vehicles , heavy industry , energy and conveyors, rail, solar energy, wind power and mechanical engineering.

history

In 2005 the Metal Cutting Group of ThyssenKrupp with the traditional mechanical engineering companies Cross Hüller, Hessapp, Hüller Hille and Witzig & Frank was integrated into the business segment of MAG Industrial Automation Systems of the investment and operations management company Maxcor Inc. In 2009 the name was changed to MAG Powertrain GmbH, which merged with the also acquired companies Honsberg, Ex-Cell-O and Boehringer in 2010 to form MAG IAS GmbH.

Production at Cross Hüller's headquarters in Ludwigsburg was closed at the end of 2008 . In the same year, MAG CORCOM GmbH was founded in Rottenburg for the new Core Components business area. In 2009 Witzig & Frank in Offenburg was closed.

In 2012, MAG Europe generated EBIT before special items of EUR 16.2 million in its operating business in 2012 , after a loss of EUR 30 million in 2011. Due to costs for the corporate restructuring, there was a total loss of 15.2 million . Euro. Sales rose to a record EUR 684 million.

The owner of MAG Europe GmbH was Mo Meidar , who is also the founder and CEO of Maxcor Inc. After the financing banks lost their trust in him, his shares were transferred to a trust model in 2011. Rolf Rickmeyer became chairman of the management board. The American part of MAG was sold to the French company Fives in March 2013. The European part should also be sold. Talks were held with the Chinese company Sinomach. Finally, in June 2013, a new financing concept was worked out with the banks, so that the company remained in the possession of Mo Meidar.

In May 2013, the group announced that MAG Europe GmbH would be renamed MAG IAS GmbH after the merger of MAG IAS GmbH and Chemnitz-based MAG Modul Verzahntechnik GmbH. In December 2013, the company sold the Industrial Equipment division to the Taiwanese Fair Friend Group (FFG) because it wanted to concentrate more on the automotive industry. This area comprised 600 employees and with a turnover of 120 million euros contributed 24 percent to the GmbH turnover.

In 2014, the part of the production of new machines located in Göppingen completely moved to Eislingen. The areas of retrofit (modernization / expansion of machines) and site machine business (refinement of machines) remained in Göppingen .

On November 17, 2014, the former Daimler manager Rainer Schmückle replaced Meidar as managing director. In June 2015 he was replaced by the former CFO Reiner Beutel. On June 17, 2015, it was announced that MAG will be fully taken over by the Fair Friend Group.

See also

Web links

Individual evidence

  1. ↑ a b Annual financial statements as of December 31, 2017 in the electronic Federal Gazette
  2. ↑ Maxcor completes metal cutting takeover Automobil-Industrie.de, October 18, 2005, accessed on November 10, 2012.
  3. ↑ Mr. Goffaux, you are the managing director ( memento of December 25, 2013 in the Internet Archive ) mav-online.de, accessed on November 10, 2012.
  4. ↑ IWKA sells Boehringer to Maxcor Handelsblatt online, November 22, 2006, accessed on February 10, 2013.
  5. ↑ Archived copy ( memento of October 2, 2013 in the Internet Archive ), accessed on November 9, 2012
  6. ↑ Archived copy ( memento of November 7, 2012 in the Internet Archive ), accessed on November 9, 2012.
  7. ↑ From for the headquarters ( Memento from December 25, 2013 in the Internet Archive ) Industrieanzeiger.de, accessed on December 9, 2012.
  8. ^ Witzig & Frank closes down Badische Zeitung, May 27, 2009, accessed on November 10, 2012.
  9. ↑ Renovation pushes MAG into the red n-tv, February 5, 2013, accessed on June 16, 2013.
  10. ↑ Four interested parties are vying for MAG Group Europe Handelsblatt online, October 5, 2012, accessed on February 10, 2013.
  11. ↑ Sebastian Moser: MAG: Mo Meidar goes Produktion.de, November 23, 2011, accessed on November 9, 2012.
  12. ↑ MAG Americas with new owner Fives ( Memento from March 13, 2013 in the Internet Archive ) Production, March 8, 2013, accessed on June 16, 2013.
  13. ^ Sale of MAG Group continues Handelsblatt, December 1, 2012, accessed on June 16, 2013.
  14. ↑ MAG Europe is fighting its way alone through NWZ, Göppingen, June 14, 2013, accessed on June 16, 2013.
  15. ↑ MAG Group continues to build around NWZ, Göppingen, May 31, 2013, accessed on May 16, 2013
  16. ↑ MAG streamlines its range of products Stuttgarter Zeitung.de, September 17, 2013, accessed on September 28, 2013.
  17. ↑ MAG completes sale of Industrial Equipment division ( Memento of December 25, 2013 in the Internet Archive ) MAG announcement, December 20, 2013, accessed on December 24, 2013.
  18. ↑ MAG production moves to Eislingen NWZ, Göppingen, January 23, 2014, accessed on January 25, 2014.
  19. ↑ MAG IAS GmbH press release ( memento from January 1, 2015 in the Internet Archive ) October 9, 2014, accessed on October 17, 2014.
  20. ↑ Taiwanese conglomerate buys MAG Stuttgarter-Zeitung.de, June 17, 2015, accessed on June 27, 2015.