Schneeberger Holding AG, a leading manufacturer of industrial tools and machinery components, has acquired A. Mannesmann Maschinenfabrik GmbH. Financial details have not been disclosed.
Schneeberger Holding AG is one of the leading companies in the field of linear technology. Schneeberger serves original equipment to manufacturers (OEM) operating in various industries worldwide, from machine tool, solar technology and semiconductor technology to electrical engineering and medical engineering, among others. Linear bearings, profiled linear guide ways, measuring systems, gear racks, slides, positioning systems and mineral casting are all part of Schneeberger's product portfolio and manufacturing range. The company was founded in 1923 and is headquartered in Roggwil, Switzerland. With 800 employees and production facilities in Switzerland, Germany, Czech Republic and China, Schneeberger generated sales of US$170 million in 2016.
Founded in 1796, A. Mannesmann Maschinenfabrik GmbH is a manufacturer of high performance ball screws, boring spindle assemblies and telescopic ball screws. With 150 employees, a production area of 9,000 m2 and worldwide customers in the mechanical engineering business, the company generated sales of US$21.3 million in 2016.
Oaklins' team in Switzerland advised the buyer throughout the acquisition process.
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