The family business based in Scharnstein, Upper Austria ASMAG übernimmt die deutsche Maschinenbaufirma REIKA. The acquisition represents a significant step in the company’s expansion strategy ASMAG and opens up exciting possibilities for the future. By integrating the products of REIKA into the existing portfolio ASMAG Group can now offer joint customers a broader product portfolio. This helps to consolidate the position in the market and fits perfectly into the “everything from a single source” strategy.
Johann Vielhaber, founder and owner of ASMAG Group, is pleased that this takeover was successful: “The takeover of REIKA is a significant achievement for ASMAG. We value the know-how that the company brings with it over 100 years in existence and are convinced that we will further strengthen our position as a leading company in the industry.” For Robert Oberfrank, the head of the WKO Gmunden, the expansion of the Almtal company is proof of the strength of the regional economy: “ASMAG is a leading company in the Salzkammergut that operates internationally. With this acquisition it strengthens its position in the industry.”
Over 100 years of existence
REIKA was founded in 1906 as “Machinery Factory Reinery”. From the very beginning, machines and techniques for tube processing were developed for ever faster, more precise and more efficient production processes. Heard today REIKA one of the leading manufacturers of turnkey pipe processing systems.
Die ASMAG Group
Die ASMAG Group, headquartered in the Almtal, is an innovative group of companies that is primarily active in the field of mechanical and plant engineering for the metal industry. With company locations in Austria, Germany, Italy and the USA counts the internationally active ones ASMAG Group is one of the leading providers in the industry.
Photo: ASMAG GmbH
#ASMAG #continues #growth #salzi.at