On 11 February 2014, Eriks announced having reached an agreement with Datwyler to acquire all shares of the Maagtechnic Group. This acquisition has been finalised successfully on 1 April 2014.
The Maagtechnic Group is a leading European industrial service provider, serving OEM (Original Equipment Manufacturers) as well as MRO (Maintenance Repair Overhaul) with operating companies in Switzerland, France, Germany and the Czech Republic.
Maagtechnic is active in the distribution, manufacturing, customising and engineering of the following competences:
· Sealing, rubber and plastics technology
· Flow and connection technology
· Power transmission and drive technology
· Tools, maintenance and safety products
· Logistics and e-business solutions.
With approximately 580 employees, Maagtechnic realised sales of approximately CHF 150 million in 2013.
