Acquisition by AEQUITA SE & Co. KGaA (Munich)
Fast, Strong and Reliable – New opportunities with new owner
AEQUITA SE & Co. KGaA, a global industrial group and financial investor headquartered in Munich, has reached an agreement with the Executive Board of SMAG to acquire the three companies of Salzgitter Maschinenbau AG (SMAG). The three companies at the Salzgitter site are positioned in the market as technology leaders with a strong brand in their respective fields. They range from the manufacture of bulk material grabs for the global trading industry (PEINER SMAG Lifting Technologies GmbH) to mobile drilling and mining solutions for demanding applications above and below ground (NORDMEYER SMAG Mining & Drilling Technologies GmbH) and the supply of mobile antenna masts for data transmission and communication in the defense and telecommunications sector (SMAG Mobile Antenna Masts GmbH).
The transaction is still subject to the approval of the German Federal Cartel Office and the shareholders.
The new owner AEQUITA has an impressive success story and extensive industry knowledge. The change in ownership provides SMAG Mobile Antenna Masts GmbH with new opportunities for growth and innovation. SMAG employees are looking forward to a successful future and customers and business partners can continue to expect first-class service and innovative mobile antenna mast systems.