Göppingen, January 11, 2008  – Global manufacturing systems provider MAG Industrial Automation Systems expands further. MAG assumes control of the ThyssenKrupp Technologies production plant in Kecskemét, Hungary. MAG Hungary will support manufacturing capacities for all the MAG brands.  The acquisition enables further increase of the sales, service and supply base in Eastern Europe.

During 2007, MAG experienced significant growth resulting in a high capacity utilization in MAG’s German operations. Therefore, the new plant in Kecskemét will form a key part of MAG’s overall production strategy and worldclass manufacturing capability, providing additional availability of parts and components, resulting in improved machine delivery times for its global customer base.

“MAG Hungary is an important element in our strategy for Central and Eastern Europe. With the additional resources, including sales and service capabilities, we will be able to operate much more effectively and flexibly in the region. The entire Supply Chain and production process will significantly benefit from this acquisition“, says Markus Grob, President MAG Europe. For years, the former ThyssenKrupp Technologies plant, with its excellent equipment and high quality standards, has been a certified supplier for renowned European manufacturers.

“With our comprehensive resources, knowledge and capabilities, we are well prepared and positioned to execute our role within the global MAG operations. Together with a highly skilled staff, I look forward to be part of the success story of MAG “, adds Rigobert Schlink, managing director of MAG Hungary.

Background:
MAG Industrial Automation Systems, founded in 2005, is a group of leading machine tool and systems companies. With 4300 employees, a turnover of circa 1.5 billion USD was achieved in 2006.  MAG consists of three regional units (MAG Americas, MAG Europe and MAG Asia/Pacific) and five divisions:

MAG Powertrain (Cross Hüller, Ex-Cell-O and Lamb) supplies agile manufacturing systems and transfer lines mainly to the automotive industry. MAG Advanced Technologies (MAG Cincinnati Automation, MAG Cincinnati, MAG Fadal, MAG Giddings & Lewis, and MAG Hüller Hille) develops solutions for high performance cutting, automation and composite systems for the aerospace and power generation industries. In addition, MAG Advanced Technologies delivers heavy duty vertical turning centers and machining centers. MAG Special Machines (MAG Boehringer, MAG Hessapp, MAG +FMS+, MAG Witzig & Frank and MAG Turmatic Systems) manufactures horizontal and vertical turning machines, crankshaft machines, multi station manufacturing systems and multiway rotary transfer machines for highly precise, high performance applications. MAG Maintenance Technologies is a unique worldwide service/support organization that helps extend equipment life and maximize return on capital investment Infimatic produces and programs individually configurable machine control systems which make it possible to exploit the full potential of machines.