Arbon/Troy (Detroit) 3. July 2017
CKGP/PW & Associates Inc. which has been active in the US market for many years, has firmly established its position among the North American vehicle manufacturers as an engineering partner for production plants. The company offers a comprehensive range of services in the fields of conveyor technology/paintwork planning, material flow and logistics planning as well as manufacturing and process engineering.
The range of services and customer portfolios of the two companies complement one another perfectly. EDAG Production Solutions as globally active engineering specialist for production plants is one of the leading companies in the engineering service industry with more than 1,300 employees. After the acquisition, CKGP/PW & Associates Inc. will gain access to the EDAG Group's global capacities and its international customer base. At the same time, the EDAG Group will benefit from the excellent customer relations enjoyed by the traditional American company in the US market.
EDAG Production Solutions' Chairman of the Board of Management, Rainer Wittich, is looking forward to the expansion of his segment: "The transaction is a win-win situation for both companies in order to jointly achieve the set growth targets. Together, we are able to further expand our importance as a globally active engineering partner on the path to industry 4.0."
EDAG is an independent engineering services provider to the global automotive industry. The company serves leading domestic and international vehicle OEMs and sophisticated automotive suppliers through a global network of about 60 sites in major automotive centres of the world.
EDAG offers complementary engineering services across its Vehicle Engineering, Electrics/Electronics and Production Solutions businesses. Based on these extensive capabilities, EDAG can support clients across the entire value chain from the original design idea to product development and prototype construction all the way to the delivery of turnkey production systems. As a technology and innovation leader, EDAG also operates established centres of excellence that design landmark technologies for future applications in the automotive industry: lightweight construction, electric mobility, car IT, integral safety and new production technologies.
In financial year 2016, the company generated revenues of EUR 715 million and an adjusted EBIT of EUR 43.8 million. As at 31 December 2016, 8,270 employees (including apprentices) worked for EDAG in 19 countries.
End of Media Release
Issuer: EDAG Engineering Group AG
Key word(s): Services
|Company:||EDAG Engineering Group AG|
|Phone:||+41 71 54433-0|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart|
|End of News||DGAP Media|