History
Salzgitter Maschinenbau AG reaches back to the year 1919. Anton Raky, engineer and pioneer in modern drilling technology and oil drilling, founded the company Anton Raky, Tiefbohrungen in Salzgitter.
The cornerstone for SMAG was laid in 1937 when the manufacturing facility was purchased by the Salzgitter Group for constructing drilling equipment. The company purchased the grab product division from PEINER AG in 1986, and developed PEINER into an international brand in the years that followed. Currently, SMAG is the world's market leader in grabs used in global cargo handling, waste disposal and agriculture.
Milestones
1919 | Company founded by Anton Raky, Unternehmung für Tiefbohrungen in Salzgitter-Bad; deep-bore mining was the original core activity of Salzgitter Maschinenbau AG |
1923 | Transition to Bergbau AG Salzgitter |
1934 | Reestablishment of operations as Bergbau AG |
1941 | Transition to share company (AG) for mining and metalworking equipment |
1951 | Transition into Salzgitter Maschinen Aktiengesellschaft (SMG) |
1977 | Fusion between SMG and Stahlbau AG, transition into Salzgitter Maschinen und Anlagen AG |
1986 | Acquisition of grab equipment and tower construction division from PEINER AG |
1987 | Transition from Salzgitter Maschinen und Anlagen AG into Salzgitter Maschinenbau GmbH with Salzgitter Hüttenwerke AG and Salzgitter AG as its owners (Salzgitter AG and Preussag AG fusion in 1989) |
1991 | Acquisition of facilities by ETN-Maschinenbau GmbH; continuation of operation as Salzgitter Maschinenbau GmbH |
1994 | Acquisition of Matec GmbH by the main parent company |
1995 | Foundation of the SHANGHAI PEINER & SMAG MACHINERY CO., Ltd JV in Shanghai, People's Republic of China |
2006 | Foundation of SMAG PEINER GRABS (INDIA) PRIVATE Ltd. |
2008 | Transition from SMAG GmbH into Salzgitter Maschinenbau AG |
