KraussMaffei Sells Austrian Division to Luger
KraussMaffei Group has sold KraussMaffei Austria to Luger GmbH, with plans to leverage Luger’s sales expertise to build KraussMaffei sales in Austria and Hungary.
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has sold its subsidiary KraussMaffei Austria to , where the subsidiary will continue to operate as KMAT Maschinen- und Service GmbH. The eight employees of the former KraussMaffei Austria will remain employed.
With this sale, the KraussMaffei Group aims to build its sales and service business in the Austrian and Hungarian markets for injection molding, reaction process and extrusion machinery. Following the takeover of the previous KraussMaffei employees, more than 60 experts will be responsible for sales and support of plastics machinery under its KraussMaffei and Netstal brands.
Luger GmbH’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,” says Michael Ruf, CEO of KraussMaffei Group. “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."
"The integration of KraussMaffei Austria under the future name KMAT Maschinen- und Service GmbH will considerably strengthen us,” says Thomas Luger, Luger’s CEO. “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, where it will build a modern technical center in the greater Budapest area.
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