EMAG Group, a German developer and builder of turning, grinding, and milling machines, among others, has acquired Scherer Feinbau, a specialty manufacturer of CNC vertical lathes and vertical shaft turning machines. The value of the takeover was not announced.
Scherer provides vertical CNC lathes for workpieces with turning diameters between 160 and 550 mm (6 and 22 in); and shaft turning centers for workpieces with turning diameters of between 250 and 350 mm (10 and 14 in.) Scherer machines have "a strong hold in the market" for mass production of brake discs, with two machine platforms available for automated production lines according to customers' volume and layout requirements.
Scherer Feinbau was founded in Mömbris, Germany, in 1978. Since 2012 it has been part of the CHIRON Group, Tuttlingen, Germany.
The acquisition will benefit both Scherer and EMAG, according to the buyer. Scherer products will gain increased access to the global market thanks to EMAG Group's standing in the automotive industry, and Scherer customers will benefit from EMAG’s service network.
The benefit for EMAG will be continued expansion of its technological expertise. “Over the past few years, Scherer has developed robust solutions for the manufacturing of brake discs, which will continue to be vital for the future of the automotive industry – across all types of drives," according to Markus Hessbrüggen, CEO of the EMAG Group. "We expect new market opportunities and developments to come from this expertise”.