Maag to Buy Sikora
Complementary products to deepen companies’ “joint value proposition and integration with OEM partners and end customers.”
Maag Group has announced plans to buy Sikora AG, an acquisition that it says will “accelerate Maag’s innovation capabilities in machine learning, industrial IoT and AI-driven technologies.” Terms were not disclosed.
Headquartered in Bremen, Germany, Sikora makes measurement and control systems for cable, pipe, tubing and other extrusions. Maag, based in Oberglatt, Switzerland, is a manufacturer of pelletizers, melt pumps, gear pumps, pulverizers and other products for the extrusion and recycling markets.
In a press release, Maag President Ueli Thuerig notes, “Sikora’s outstanding products address similar customer needs in resin-related markets to ours, and its offerings provide Maag with increased exposure to highly attractive market adjacencies where we have existing industry knowledge and customer relationships.
“Our shared capabilities and go-to-market strategies will generate material cross-selling benefit with a highly complementary portfolio of products and technologies, deepening our joint value proposition and integration with our OEM partners and end customers.”
Dr. Christian Frank, CEO of Sikora, adds, “The partnership with the Maag Group is a strong sign for our future: for Sikora, for the Bremen location and for our global team. We have achieved great things over the past decades. Now a new chapter is beginning in which we can contribute our strengths and continue to grow. For our employees, this transaction means security, new perspectives and the opportunity to continue our success story together.”
The transaction is subject to customary closing conditions, including receipt of regulatory approvals and is expected to close in the second quarter of 2025.
Related Content
-
Inside the Florida Recycler Taking on NPE’s 100% Scrap Reuse Goal
Hundreds of tons of demonstration products will be created this week. Commercial Plastics Recycling is striving to recycle ALL of it.
-
Skipping the Pellet for Efficient Recycling in Molded Engineering Plastics Applications
AGS Technology leverages deep experience in molding with recycled engineering materials for automotive and heavy equipment parts.
-
Multilayer Solutions to Challenges in Blow Molding with PCR
For extrusion blow molders, challenges of price and availability of postconsumer recycled resins can be addressed with a variety of multilayer technologies, which also offer solutions to issues with color, processability, mechanical properties and chemical migration in PCR materials.