Transaction Krauss Maffei sells Austrian subsidiary to Luger
Austria — Krauss Maffei is selling its subsidiary Krauss Maffei Austria to the Austrian family-owned company Luger. Under the new ownership, it will continue to operate under the name KMAT Maschinen- und Service.
With the sale of its Austrian subsidiary, Krauss Maffei is aiming to further intensify its sales and service business in the Austrian and Hungarian markets for injection molding, reaction process and extrusion machinery. The eight employees of the former Krauss Maffei Austria will continue to be employed. The transaction will take effect on March 1, 2021.
The company is one of the world's leading suppliers of all three technologies. Following the takeover of the previous KraussMaffei employees, more than 60 experts will in future be responsible for sales and support of plastics machinery under the Krauss Maffei and Netstal brands. Both brands belong to KraussMaffei.
Luger is an Austrian family business with headquarters in Purkersdorf near Vienna. The company's business activities focus on sales, planning, assembly and service of machines and peripheral equipment for the plastics processing industry. The companies had already extended their sales cooperation in the middle of last year. Dr. Michael Ruf, CEO of Krauss Maffei, is confident that customers will benefit from the transaction: “The sale of Krauss Maffei Austria is part of our strategic realignment. It will bring us even closer to our customers. With the sales and service competence of Luger and its employees, we will be able to act even faster and more efficiently in Austria and Hungary in the future.”
Luger intends to expand its market presence in the coming years, particularly in Hungary. A modern technical center is to be built there in the greater Budapest area. Furthermore, Luger plans to hire additional Hungarian specialists and to further expand its warehouse capacities.