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2006-12-13 News Release
Automotive industry
welding guns unit sold
Resistance welding equipment manufactuer for automotive technology, division
of an automation technologies business, sells to a private UK engineering
group.
The IWKA Group sold its ARO Group welding gun business effective December
11, 2006. Purchaser is Langley Holdings plc., a private, diversified group
of companies headquartered in Retford, Great Britain.
Langley is a privately held globally operating engineering group which,
together with ARO, is forecasting 2007 revenues of around €500m.
The group now employs around 2200 people, mainly in Europe and the US.
Find Information and Suppliers of resistance
welding equipment.
The ARO Group specializes in manufacturing welding guns and primarily
targets the automotive industry. The group of companies generated sales
of about € 100 million during the 2006 business year and currently
employs 600 persons. The two parties have agreed not to disclose the terms
of the transaction.
Headquartered in Chateau-du-Loir, 250km southwest of Paris, ARO comprises
ARO SAS in France and Savair Inc in the USA, together with other subsidiaries
in the UK, Belgium, Germany, Slovakia and China. ARO has around 600 employees
world wide and 2006 revenues of €100m.
The transaction will generate book losses, the majority of which have
already been accounted for in the IWKA Group's 2006 half-year financial
statements. The ARO Group was classified as a discontinued operation as
of June 30, 2006. The sale of the ARO Group was the last divestment scheduled
for fiscal year 2006 by IWKA.
The IWKA
Group
is an international network of about 70 mid-sized companies focusing on
the automobile and consumer goods industry markets. As a systems partner,
they design and build highly productive manufacturing and packaging systems.
Their services range from Simultaneous Engineering of the end product
and the production system to their realization, from employee training
and production support to the maintenance and modernization of the production
lines.
Langley’s two main divisions prior to the ARO deal are based in
Germany: Piller, the top-end power protection systems producer, which
Langley acquired from German utility, RWE in 2004 and; Claudius Peters,
the cement and steel plant machinery specialist, acquired from Babcock
International in 2002. The group’s third division, based in the
UK, comprises mainly of a number of smaller specialized capital equipment
businesses including Clarke Chapman, which the group acquired from Rolls
Royce in 2000.
Find information about Langley
Holdings llc.
Read a recent press release from IWKA about - New headquarters centerpiece
is a test lab for this designer
and manufacturer of process systems offering blister packaging services
for the pharmaceutical industry.
Engineering
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