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Mayer & Cie expects new synergies by acquiring Amtek
13
Jul '11
With the acquisition of the Czech manufacturer of circular knitting machines, AMTEK Machinery s.r.o. by July 25th, Mayer & Cie. GmbH & Co. KG succeeded in making another strategically important step in securing the production location Albstadt and its staff.

The Czech company with long-standing tradition, AMTEK Machinery s.r.o., henceforth operating under the new name AMTEK Knitting Technology s.r.o., who has been manufacturing circular knitting machines for more than 50 years with currently 27 employees, was successful particularly in the key markets Turkey and India as well as in the former CIS states in the upper medium price segment.

Mayer & Cie. expects new synergies on the market and the cost side through this acquisition. On the one hand AMTEK's product line will open up a further market segment and on the other hand procurement and manufacturing synergies will lead to a further strengthening of the competitive position.

It is planned to produce all large turned parts of AMTEK's machine line also on the new Carnaghi machining centre for large parts, taken into production only recently, in Albstadt in future.

Furthermore the combination of the locations Albstadt and Vsetín opens up the opportunity to take on a stronger position in the world market than so far, particularly in very price-sensitive segments like e.g. the bodysize-machines. The machine lines of both companies will be continued.

Mayer & Cie. GmbH & Co. KG

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