MAAG Group Expands Technological Capabilities Through Strategic Acquisition of Sikora AG
MAAG Group is delighted to announce that it has signed a definitive agreement to acquire SIKORA AG, a well-established market leader in measuring and control technologies. The acquisition accelerates their innovation strengths in machine learning, industrial IoT, and AI-based technologies.
Headquartered in Bremen, Germany, SIKORA is a market leader in measuring and control systems for various applications such as cables, tubes and plastics production. From non- contact measurement control to automatic sorting systems, SIKORA is constantly developing innovative and sustainable solutions, with considerable investment in research and development.
With this acquisition, they will achieve a new milestone in its growth strategy. Through a wide range of market-leading equipment and integrated systems for the polymer and recycling industries, their expertise is constantly extending to a wider range of applications and processes. Together, MAAG and SIKORA are unlocking unprecedented opportunities to develop smart, self-driven, and energy-efficient systems, meeting the requirements of an increasingly demanding market.
Commenting on the acquisition, Ueli Thuerig, President MAAG Group, said, “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.
#maag #Modernplasticsindia #Pasticsnews #ModernPlasticsIndiaMagazine
#PrintPublication #PrintMagazine #Modernplasticsasia
