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Swiss group buys German automation firm Jetter in €23m deal

16 September, 2013

The Swiss mechanical and vehicle engineering group Bucher Industries is buying the German automation specialist Jetter AG in a deal that values Jetter at about €23m. Bucher already has a stake of nearly 30% in Jetter which, in the past two years, has generated about half of its income from sales to Bucher group companies, with most of this coming from Bucher’s Emhart Glass subsidiary, which produces equipment for the glass container industry.

Bucher says it is planning to strengthen Jetter’s competence in automation systems and to expand its market share.

“Our goal for Jetter must be not only for the company to be seen as the supplier of technology to the Bucher Group, but also for it to continue securing market share in the industrial and mobile automation segment through highly active market cultivation,” says Christian Benz, who will succeed Martin Jetter as CEO of the acquired business at the end of 2013.

Jetter has been working with Bucher since 2002, particularly developing and manufacturing control systems for Emhart Glass. Jetter has also supplied electronics for municipal vehicles manufactured by Bucher Municipal.

Martin Jetter, who founded Jetter AG in 1980, will continue to be responsible for the development of the company and will bring his extensive knowledge and experience of automation technology to bear. He as agreed not to sell his 9.6% stake in the business. This share, combined with Bucher’s existing 30% stake in Jetter, means that the deal will cost the Swiss group about €14m.

Jetter's incoming CEO Christian Benz (left) with the company's founder and current CEO, Martin Jetter

Jetter’s board has decided that the takeover offer is in the best interests of the company, its shareholders, employees and customers. Jetter will join Bucher’s Specials division where it will be managed and operated independently.

Jetter supplies automation controls, motion systems, HMIs, peripherals and software under the JetWeb brand. It has subsidiaries in the UK, China, Switzerland and the US.

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