Parchim/Kempten, 09th of September, 2015. Hydraulik Nord has signed a purchase agreement to acquire all shares in the Otto Nussbaum Group’s subsidiary KMF Kemptener Maschinenfabrik GmbH as of 1 September 2015.
With the divestiture of KMF Kemptener Maschinenfabrik, the Nussbaum Group focuses its strategy on producing equipment for the automotive service market as its core business, however, continues the engineering partnership with KMF.
By taking over KMF, the Hydraulik Nord Group consistently upgrades its product portfolio “mobile hydraulics” and now offers hydraulic cylinders in addition to hydraulic steering units and priority valves.
The acquisition is part of the corporate strategy to strengthen its position in the field of mobile hydraulics, stresses Hydraulik Nord CEO Dr. Karl J. Werner. “By expanding our range of products, Hydraulik Nord has made a further important step on the way to becoming a complete systems supplier for renowned customers in the areas of agricultural machinery, construction machinery and commercial vehicles.”
Hydraulik Nord will continue to rely on the 170 highly qualified and experienced employees of KMF and will invest systematically in the development of the company at the site in Kempten, emphasizes Hydraulik Nord CFO Dr. Robert Moll.
„The change in the shareholder structure strengthens the market position of KMF,” says KMF CEO Peter Grössl, who is looking forward to work closely with the new shareholder. “Without giving up our existing strengths, we will be able to maintain our growth path with our new partner. KMF will benefit from access to new distribution channels and simultaneously extends the range of products.”
The Nussbaum Group: The Nussbaum Group is one of the world leading manufacturers of lifting platforms, testing technologies as well as tire and air-conditioning services for the automotive industry and for heavy-duty-vehicles, with around 1,000 employees.
The Hydraulik Nord Group: Hydraulik Nord is a group of medium-sized enterprises operating in the business segments mechanical engineering, industrial services and electronic manufacturing services. The group currently employs around 1,900 people.