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2006-07-19 News Headlines
MAN sells conveying engineering business MAN AG divests its MAN TAKRAF engineering business that constructs equipment, systems and facilities for open-pit mining, harbor and crane technology and bulk cargo handling.
MAN AG has disposed of MAN TAKRAF Fördertechnik GmbH, a company man-aged and consolidated by MAN Ferrostaal. MAN TAKRAF's new owner is VTC Industrieholding GmbH in Munich, Germany. Both companies have agreed to maintain confidentiality on the purchase price. Located in Leipzig, Germany, MAN TAKRAF and its 485 employees worked prof-itably in FY 2005, achieving earnings of 122 million euros. The company constructs equipment, systems and complete facilities for open-pit mining, harbor and crane technology as well as bulk cargo handling. The MAN Group bought the company in 1994 when it merged its own conveying engineering activities with those of TAKRAF Lauchhammer GmbH. MAN Ferrostaal's sale of MAN TAKRAF is a further step along the path of concentrating on its core business: Projects and Contracting and Services and Logistics. VTC is a private, mid-sized industrial group with 1,200 employees and
over 200 million euros in sales. Its primary companies are the Deutsche
Mechatron-ics GmbH, the Pfleiderer Europoles GmbH & Co. KG and the
Soudronic Auto-motive AG in Switzerland. Read a recent press release from MAN AG about - 'The MAN Group, one of
Europe´s leading manufacturers of engineering equipment and vehicles,
bundles its IT activities into
a newly-formed company.'
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