FlexLink acquires the Industrial Automation Division from the Schüco Group

FlexLink and the Schüco Group have agreed on that FlexLink is acquiring the Industrial Automation Division operations from Schüco. The agreement was signed on July 5 and the final take over will be due by the beginning of Q4, 2010.

The acquired division supplies comprehensive systems, assemblies and components for machine construction, enclosures and conveyor systems to markets in West and Central Europe. The division will continue its operations as an independent division of FlexLink Systems GmbH. The location will remain in Borgholzhausen, Germany.

By the acquisition FlexLink will access new customer groups and a high quality product range. At the same time, the new division and its customers will benefit from the competence and resources within the FlexLink Group.

Mattias Perjos, CEO of FlexLink “With this acquisition FlexLink get access to a larger market with high quality organization and products. A good opportunity to customers of the new division is the substantial benefits from accessing the core competence of Production Logistics within the global FlexLink organization. “

Schüco is the world’s market leader in aluminium, steel, PVC-U and solar products for innovative building envelopes. The Schüco Group had a turnover of 2.000 M€ in 2009 and employ 4.775 persons world wide.

FlexLink Group

Mattias Perjos                                    
CEO, FlexLink AB                 
+46-31-337 1626                               
mattias.perjos@flexlink.com 

Klas Ålander
Corporate communications, FlexLink AB
+46-31-337 2499
klas.alander@flexlink.com