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Saia-Burgess buys Stegmann motors to boost European presence

01 July, 2004

Saia-Burgess hopes to boost its share of the European market for small synchronous motors to more than 20% by buying Sick/Stegmann`s motors and motor gearbox business. At present, it holds about 12% of the European market.

The deal, which takes effect from 1 August, includes a manufacturing site in Poland. Sick acquired the motors business when it bought Max Stegmann in October 2002. Sick is keeping Stegmann`s encoders and adjustment drives activities which, it says, it has integrated successfully into its business. Sick adds that the Stegmann lines made "a major contribution" to its group sales last year.

Saia-Burgess reckons that the acquisition will help it generate extra sales worth €8.5m, with 40% of these new sales coming from Germany, followed by the UK, Italy and France. Almost half of the new business is expected to come from the HVAC (heating, ventilation and air-conditioning) sector, strengthening Saia-Burgess` position in this key market.

"We will be able to integrate the products extremely well into our product range," says Daniel Hirschi, Saia-Burgess` chief executive. He adds that Sick/Stegmann synchronous motors will provide "an ideal addition to our programme".

The key products that Saia-Burgess is acquiring are similar to those of its existing actuator business. Most of the motor production activities at Sick/Stegmann`s plant in Donaueschingen in Germany, will be transferred to Saia-Burgess` Dresden plant over the coming 12 months. Production of one type of motor will be switched to the Polish plant.

Sven Behrend has joined Sick/Stegmann as spokesman for the retained Stegmann activities, He was previously general manager of ABB Energiekabel.




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