Acquisition Erich Haagen GmbH
FromExecutive board ERIKS nv
Telephone+31-72 54 75 888
Date19 October 2011
SubjectERIKS ACQUIRES ERICH HAAGEN GMBH IN GERMANY
ERIKS has made a further step to strengthen its activities in Germany by acquiring 100% of the shares of Erich Haagen GmbH in Itzehoe (Hamburg) with effect from 1 October 2011.
The activities of Erich Haagen GmbH comprise the marketing and sale of a wide range of high-quality equipment parts and services mainly in bearing technology, power transmissions, sealing technology and maintenance products.
The company serves mainly the industrial maintenance market (MRO) and generates annual sales of € 1.8 million.
The acquisition is fully in line with ERIKS’ strategy of expanding its activities with new product lines and further expanding its local presence in Germany.
The company’s activities have been integrated in the existing ERIKS Germany regional Service Centre structure as from 1 October 2011.