CIDAN Machinery Sweden AB

CIDAN Machinery Sweden AB acquires Forstner Maschinenbau GmbH in Austria

Pressmeddelande   •   Jan 09, 2018 12:52 CET

CIDAN Machinery Sweden AB, announces the acquirement of 100% of Austrian Forstner Maschinenbau GmbH, effective as of the end of December 2017. Forstner produces a broad portfolio of coil processing machines that complement CIDAN Machinery’s power folders, guillotine shears and coil processing machines for the industrial, roofer´s and architectural sheet metal market. The two companies have collaborated since 2011 when CIDAN Machinery, through its U.S. subsidiary, started to sell Forstner machines on the North American market.

The successfully achieved synergies of the companies will strengthen further, especially within the important areas of product development, purchasing, production, aftermarket and not least, within sales and marketing. The group headquarter will remain in Götene, Sweden, with the main competence center for folders and shears. Forstner will keep the operations as today in Austria and will become the group competence center for coil processing. CIDAN Machinery Group will after the acquisition have own locations throughout Sweden, Austria, Denmark, the U.S and China. Through an extensive dealer and agent network the products will be sold all over the world.The group will have a net revenue of close to 400 MSEK (40 m€) and about 160 employees.

Read more about the companies on www.cidanmachinery.comand www.forstnercoil.at/en

For further information, contact CEO Peter Tafazoli on +46 708 39 53 49 or pt@cidanmachinery.com, or else MD Renato Romagna on +43 664 20 01 587 or renato.romagna@forstnercoil.at

Peter Tafazoli, CEO

CIDAN Machinery is since the start in 1907 a well-established company within the sheet metal industry. The company produce and sell machines for the industrial, roofer´s & architectural sheet metal market, using the brands Göteneds, CIDAN and now also Forstner. The products are sold all over the world with the U.S. as the single largest market. The group has own companies and staff in Sweden, Austria, U.S.A., China, Denmark and Malaysia with about 160 employees and 40m€ in turnover. See more information on www.cidanmachinery.com