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01 July 2011

HerkulesGroup acquires Union

With the acquisition of UNION Werkzeugmaschinen GmbH Chemnitz from Nimbus, HerkulesGroup has materialized their long-term strategy for expanding the product range.

HerkulesGroup acquires Union

UnionChemnitz, a worldwide leading manufacturer of horizontal boring and milling machines, employs 170 people. Being one of the largest employers in the Chemnitz region, it is also one of the oldest machine tool manufacturers in Germany. The highly precise large horizontal boring machines produced by UnionChemnitz perfectly complement the HerkulesGroup’s existing product portfolio. To a large extent, these machine tools share the same customers and fields of application as the milling machines manufactured by WaldrichSiegen.

“The product range and the specific know-how available at the various companies belonging to the HerkulesGroup enhance and complement the scope of services for our customers”, says Christoph Thoma, Chairman & CEO of the HerkulesGroup. The strong presence of the HerkulesGroup companies in all major and emerging markets offers further strategic benefits. “In the future, UnionChemnitz will be able to make use of our sales structures. At the same time, our real net output ratio together with increased production capacities will provide benefits in terms of procurement. Overall, excellent growth prospects open up for all companies belonging to the HerkulesGroup” adds Christoph Thoma.

At production facilities in Germany, USA, China, and India, the HerkulesGroup companies manufacture heavy-duty machine tools for grinding, turning, texturing and milling applications. After the acquisition of UNION, the HerkulesGroup employs more than 1.800 people worldwide.

For more information:

www.union-machines.com

www.herkules-group.com