KraussMaffei sells KraussMaffei Austria to Luger GmbH
Sales and service activities in Austria and Hungary to be significantly strengthened
KraussMaffei is selling its subsidiary KraussMaffei Austria to the Austrian family-owned company Luger GmbH. There, it will continue to operate under the name KMAT Maschinen- und Service GmbH. The eight employees of the former KraussMaffei Austria will continue to be employed. The transaction will take effect on March 1, 2021.
With this sale, KraussMaffei is aiming to further intensify its sales and service business in the Austrian and Hungarian markets for injection molding, reaction process and extrusion machinery. KraussMaffei is one of the world's leading suppliers of all three technologies. Following the takeover of the previous KraussMaffei employees, more than 60 experts will in future be responsible for sales and support of plastics machinery under the KraussMaffei and Netstal brands. Both brands belong to KraussMaffei.
The Luger GmbH is an Austrian family business with headquarters in Purkersdorf near Vienna. The company's business activities focus on sales, planning, assembly and service of machines and peripheral equipment for the plastics processing industry. KraussMaffei and Luger had already extended their sales cooperation in the middle of last year.
"The sale of KraussMaffei Austria is part of our strategic realignment."Dr. Michael Ruf, CEO of KraussMaffei
Dr. Michael Ruf, CEO of KraussMaffei, is confident that KraussMaffei customers in particular will benefit from the transaction: "The sale of KraussMaffei Austria is part of our strategic realignment. It will bring us even closer to our customers. With the sales and service competence of Luger and its employees, we will be able to act even faster and more efficiently in Austria and Hungary in the future."
Luger’s CEO Thomas Luger also expects a significant increase in competitiveness from the integration of KraussMaffei Austria into Luger GmbH: "The integration of KraussMaffei Austria under the future name KMAT Maschinen- und Service GmbH will considerably strengthen us. We want to continue the brand and maintain the pioneering spirit of the KraussMaffei employees. For the future, we plan to be able to offer the entire KraussMaffei product portfolio and the complete range of peripheral equipment from a single source. We will also operate in the market with even more service technicians and thus be able to look after our customers even more intensively."
Luger intends to expand its market presence in the coming years, particularly in Hungary. A modern technical center is to be built there in the greater Budapest area. Furthermore, Luger plans to hire additional Hungarian specialists and to further expand its warehouse capacities.