TPT January 2024

INDUSTRY

ASMAG acquires 100-year-old German tube manufacturer Reika as it expands offering

acquisition of Reika is a significant achievement for ASMAG. We value the know-how that the company brings after its over 100 years of existence and we are convinced that this will further strengthen our position as a leading company in the industry.” The ASMAG Group, headquartered in Austria’s Almtal valley, is primarily engaged in mechanical and plant engineering for the metal industry, with locations in Austria, Germany, Italy and the US.

THE family-owned company ASMAG, located in Scharnstein, Austria, is taking over Reika, a German manufacturer of turnkey tube processing systems. The acquisition represents a significant step in ASMAG’s expansion strategy. By integrating Reika’s products into the ASMAG Group’s existing portfolio, a broader range can be offered to shared customers. This will contribute to consolidating its market position and aligns with the “everything from a single source” strategy. Johann Vielhaber, founder and owner of the ASMAG Group, said: “The

ASMAG GmbH www.asmag.at Magnetic Analysis Corp announces new CEO MAGNETIC Analysis Corporation Johann Vielhaber

the pandemic stronger than we were at the start and currently enjoy one of the largest order books in our company’s history. We are confident that Dan can help us build on our solid foundations and accelerate our growth. “At the same time, I would like to express our grateful appreciation for the steady stewardship that Dudley Boden has provided as president over the past seven years and the contributions he has made over his entire 22-year career at MAC.” MAC has been developing technology used for non-destructive testing for more than 95 years. It offers eddy current, electromagnetic, flux leakage and ultrasonic inspection systems for testing metals. MAC offers individual instruments as well as automated systems that incorporate materials handling and controls.

intention to retire in 2024. Mr Boden will remain a director of MAC and will assist in the transition. Mr Lawrence comes to MAC from his current role as general manager of the optical components business of MKS Instruments. He was previously a vice-president and general manager of the stellite, conforma clad and advanced materials systems businesses within Kennametal and spent a decade as a division vice president and business unit manager for the Precitech and TMC business units within Ametek. Early in his career, Mr Lawrence received management and executive training at both Danaher and GE. Mr Lawrence received his BS and MS in chemical engineering from Clarkson University, studied law at Boston University and received an MBA from Southern New Hampshire University. Robert Gould, chairman of the board of directors, said: “Dan comes to MAC at an exciting time. We emerged from

(MAC), which specialises in instruments and systems for the non-destructive testing of metals, has appointed Daniel Lawrence as president and chief executive officer. He will be the fifth leader in MAC’s 95-year history. Mr Lawrence will succeed president Dudley Boden, who announced his

Magnetic Analysis Corp www.mac-ndt.com

Daniel Lawrence, president and CEO, Magnetic Analysis Corporation

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JANUARY 2024