Acquisition German Schröder Group acquires tool manufacturer SMU
Germany — The mechanical engineering company Schröder Group is taking over the tool manufacturer SMU, based in Leinburg-Weißenbrunn/Germany. Both companies have been cooperating for many years and are now pooling their expertise to further expand their market position in the German and international sheet metal working market.
The two Bavarian sheet metal working specialists Hans Schröder Maschinenbau and SMU are long-standing partners in the machine tool industry. Now, the Schröder Group has taken over the partner company. “The takeover feels like a natural development. In the new constellation, we can coordinate our services, products and capacities even better, start joint developments and offer our customers the highest quality with even better coordinated machine and tool solutions”, Franz Schröder, Managing Director of the Schröder Group, explains the objectives of the takeover.
With the acquisition of the tool manufacturer SMU, the Schröder Group wants to expand its know-how in the various areas of tool making. As with software development, the company is thus deepening its own value chain as part of its growth strategy, broadening its process know-how and being able to optimise developments in important additional components for the use of its machines. SMU's specialist knowledge will be crucial when it comes to the integration and new development of machine tools as well as customer-specific tool requirements, the company announced.
Formally, the Schröder Group took over 100 percent of the SMU shares from company owner Dieter Winheim on 20 May 2021. Dieter Winheim will remain plant manager of SMU and will manage the company within the Schröder Group. With the takeover, the Schröder Group welcomes 24 new employees. SMU will continue to appear on the market as the independent tool brand “SMU”.