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Reutlingen, Germany / Wasen, Switzerland
In January 2008, WAFIOS AG acquired the majority share of the
long-established Swiss MEWAG Maschinenfabrik AG.
The merger of these two technical leaders in the manufacturer of tube and
profile bending machines, will strengthen the quality and innovation product
of both companies. Production of special high-quality machines will be
continued in both plants.
WAFIOS directly benefits from the cooperation with MEWAG as it will result
in a considerable growth in sales, particularly in the sector of
large-diameter tube benders.
Moreover, the merger of the two companies answers MEWAG’s successor
question. The previous majority shareholder of MEWAG will have a seat on the
Administrative Board where she will be able to continue to protect the
long-term interests of MEWAG.
WAFIOS and MEWAG are looking forward to this German-Swiss cooperation and
are convinced that added value will be generated for customers, partners and
employees of both companies. |
