Archiv der Kategorie: ETMM – Machining Equip.

Machine tool maker appoints Crotts and Saunders as distributors

“I know the team at Crotts and Saunders is the right company to demonstrate the value that Hurco technology provides manufacturers throughout Virginia and the Carolinas. Hurco CNC technology is especially valuable for high mix/small batch shops where minimizing setup time and maximizing chip time is critical in order to increase profit margins. The dynamic team at Crotts and Saunders is dedicated to finding solutions that improve the speed and quality of manufacturing processes to reduce the overall cost to manufacture products, and I know the Hurco product line of CNC mills and lathes will be a valuable asset as they contineu to fulfill their mission,” said Joe Braun, General Manager of Hurco North America.

Arburg: Energy efficiency award goes to ARaymond

Photo Gallery Arburg Technology Days

According to Chris Miller, Vice President and General Manager of Crotts and Saunders, “We are proud to partner with Hurco to bring the latest technology to shops throughout the Carolinas and Virginia. Charles Saunders and Marcus Crotts, who founded our company in 1956, were aware of the modern technology being produced around the world and built their company around the intent of bringing ‘Tomorrow’s Technology Today’ to the Carolinas and Virginia. This philosophy still holds true and we are proud of our core beliefs in helping our customers exceed their ever increasing manufacturing challenges. The broad line of Hurco CNC machines, equipped with superior motion control technology and the most versatile control technology available, will help us achieve our mission to help manufacturers increase profitability.”

Positive atmosphere in Pfronten

 

The atmosphere at the annual DMG MORI press conference at Deckel Maho Pfronten, Germany, couldn’t have been better. After the announcement two weeks ago that the Japanese partner DMG Mori Seiki Co would take over DMG Mori AG in Germany by acquiring the majority of the shares, one could have thought there might be a bit of hostility in the air.

But Dr. Masahiko Mori, president of DMG Mori Seiki Co and Dr. Rüdiger Kapitza, chairman of the Executive Board of DMG Mori Seiki AG, appeared more united on the stage than ever before, it seemed. Dr. Mori emphasised that his plans to buy the majority of AG’s shares for €27.50 were by no means a take over, but rather a „coming together“, after having worked closely together for six years now.

Both managers asserted that the price of €27.50 per share was a very fair price, even though the shares are currently ranking around the €29 mark; Kapitza added that the offer was a very fair and good offer, considering that the average share value over the last six months was €19.

While Kapitza admitted that the time of the merger came as a bit of a surprise, it was a logical consequence of the partnership (both in technological developments as well as sales and service) between DMG and Mori Seiki, and interest rates were low at the moment. Founding a new company that was traded on both stock exchanges in Japan and Germany at the same time was too complicated and risky to realise. As a result, both companies decided it would be best if the Japanese DMG Mori Co took over the German partner, as credits and conditions were easier to handle in Japan.

Mori emphasised that the shareholders are not everything, when asked about the amount of his offer. To him, customers and suppliers are important and by buying the majority of the shares the companies would move closer together, protecting their technlogy and knowledge.

At the Pfronten Open House this week, DMG Mori expects to sell around 700 machines; very optimistic figures but achievable, as last year’s financial results have shown. According to Kapitza, 2014 was the best year for the AG ever, and while the overall forecast figures in terms of machine tool sales are looking positive for 2015, he said that 2015 would not be the easiest year, considering volatile political and economic circumstances.

Japanese partner to take over Germany’s DMG Mori Seiki AG

The purpose of the voluntary public takeover offer is to raise the current voting ratio of DMG Mori Seiki Co. in DMG Mori Seiki AG, which is currently 24.3%, to more than 50%, the Japanese company said. It added that the minimum target number of shares to be offered by AG will be set as 50% plus one share. There will be no maximum target number of shares of DMG Mori Seiki AG to be offered, the company said.

The Japanese company offered €27.50 for the shares of DMG Mori Seiki AG it doesn’t already own, according to a statement from the Bielefeld-based company after the close of trading on 21 January.

Germany’s DMG merged with Mori Seiki in 2009.

According to DMG Mori Seiki Co., the successful tender offer will realise the integration of the two Partner companies as consolidated companies, from which more cooperative effects can be expected. In the area of sales, centralisation of Information is said to enable proposals and support that better meet customer needs and will contribute to further sales.