Schuler completes takeover of AWEBA Werkzeugbau
Schuler has completed the takeover of German die construction specialist AWEBA.
Following approval from the relevant anti-trust authorities, Schuler has now closed the acquisition process. As of 1 July, 2016, Schuler will become the sole owner of AWEBA Werkzeugbau GmbH Aue.
Schuler CEO, Stefan Klebert, commented: “AWEBA’s outstanding technological expertise in die construction is a perfect fit for our portfolio with major benefits for the customers of both companies. The acquisition and subsequent pooling of resources in die construction will add further momentum to Schuler’s growth.”
In the past fiscal year 2015, AWEBA generated sales revenue of around €60 million. The AWEBA Group employs around 600 people, including almost 200 highly skilled engineers and toolmakers. In future, they will work together with Schuler’s existing die construction specialists in a single division.