EMAG Buys Jos. Koepfer & Sohne GmbH
EMAG has acquired majority interest in Jos. Koepfer & Sohne GmbH.
Present product lines and personnel will remain, according to the companys press release. In North America, EMAG of Farmington Hills, MI, will continue to service customers with EMAG Production Centers and related machines.
Within the new EMAG group, Koepfer will act as the gear technology center. In total, the Koepfer group comprises three enterprises for the development and building of high precision gears, cutting tools and high precision parts. Its consolidated sales figures for 2004 were 60 million euros.
EMAG specializes in manufacturing high production turning and multifunction production centers. Their consolidated sales for 2004 was 350 million euros.
During EMO 2005, the company will display their first development. The VSC250DUO WF is a multifunctional production machine that integrates double-spindle turning, hobbing and deburring in a single cycle.