Machine Tools

FFG takes over MAG Group

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FFG enhances its footprint in Europe

With the acquisition of MAG, a leading machine tool manufacturer focused on the automotive industry, FFG enhances its footprint in Europe and increases its presence in the automotive segment. Through the combination with FFG, MAG Group - which has seven production facilities in Germany, Hungary, China, USA und India and reported sales of €474m in 2014 - will significantly improve its access to the growing Asian markets. Also, the companies will be able to realise material synergies in procurement, production and technology.

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