Woodworking machinery specialist, Michael Weinig AG has acquired the majority shares in H.I.T. Maschinenbau and H.I.T. Keilzinkentechnik.
The strategic acquisition, which requires the final approval from antitrust authorities, will see Weinig expand its portfolio in the area of automation and mechanisation and upscale its Glulam and sawmill technology segment.
Gregor Baumbusch, CEO of Michael Weinig AG
Producing customer-specific solutions for the sawmill and timber industries from its sites in Ettringen and Breitenthal, H.I.T.’s Managing Director’s – Franz Anton and Werner Spieth – will be responsible for the operational running of the business, with H.I.T.’s ongoing projects set to remain unchanged. Franz Jeckle will also continue to support the team in an advisory role.
Committed to the future development of the business, Gregor Baumbusch, CEO of Michael Weinig AG says: “With H.I.T., we are expanding our competencies in the project business and we are delighted to welcome a team with project experience to the WEINIG Group.”
