Announced
Financials
Sources
Tags
Acquisition
Single Bidder
Friendly
maintenance and repair
Switzerland
Majority
Pending
Maintenance Repair and Overhaul (MRO)
Cross Border
Private
Synopsis
ERIKS, a mechanical engineering components distributor, agreed to acquire Maagtechnic Group, an industrial services provider. Financial terms were not disclosed. “Maagtechnic fits perfectly in the ERIKS family! The company is, as ERIKS, a specialized development partner for the OEM, as well as a reliable service and logistics partner for the industrial MRO customers. With Maagtechnic, ERIKS acquires a strong platform for growth in a new European home market, Switzerland, and significantly strengthens our position in France and Germany,” Johan Sleebus, ERIKS CEO.
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