TPT January 2008

I ndustry N ews

Wafios confirms takeover of Mewag

Wafios AG, Germany, has achieved the takeover of long-established bending machine manufacturer Mewag Maschinenfabrik AG, Switzerland. It is believed that the merging of these two technically leading manufacturers of tube and profile bending machines will strengthen the quality and innovative leadership of both companies. The

production of special high-quality machines will be continued at both plants. A few years ago, Wafios AG, also a leading manufacturer of wire processing machines, took over the tube and profile bending capabilities of Pulzer Biegetechnik, which then had been a corporation of Trumpf, Germany. Wafios has since been able to continuously expand its range of tube forming machines. Once completed, the Wafios takeover of Mewag will create a comprehensive and innovative centre of competence, based on 50 years of tube and profile bending experience. This move will ensure worldwide recognition of both companies. The long established production sites in Reutlingen, Germany, and Wasen, Switzerland, will be maintained and expanded in accordance with the growth of the tube-bending sector.

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Together, Wafios and Mewag will streamline future common sales and blend tube bending capabilities

in development, purchasing and production

› Mr Urs Kühni, CEO of Mewag AG, is looking forward to working closely with the Wafios board

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The the complementary, innovative and extended product and customer service range will be the customers of both companies. Together, Wafios and Mewag will streamline future common sales activities and blend tube-bending capabilities in development, purchasing and production. Wafios will directly benefit from the cooperation with Mewag, as it will result in a considerable growth in sales, especially of large-diameter tube benders. The merging of the two companies constitutes a lasting solution to Mewag’s successor question. The previous majority shareholder of Mewag will have a seat on the administrative board where she will be able to continue to protect the long-term interests of Mewag. Wafios and Mewag are looking forward to this German-Swiss cooperation and are convinced that added value will be generated for customers, partners and employees of both companies. main beneficiaries of

fi (Below) The Wafios board of directors: Dr Gerhard Bartz, Mr Thomas Hösle, and Mr Egon Reich, and (bottom) the headquarters of Wafios

Wafios – Germany Fax : +49 7121 49 12 09 Email : sales@wafios.de Website : www.wafios.de Mewag AG – Switzerland Fax : +41 34 437 75 76 Email : mewag@mewag.com Website : www.mewag.com

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J anuary 2008

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