TPT July 2013

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Industry News
July 2013 27
Shares
acquired
LOI Thermprocess GmbH, a Tenova
company, has acquired all the shares
in Metall Technologie Holding GmbH
(MTH) from European Capital SA
SICAR. MTH, headquartered in
Menden, Germany, is the parent of the
companies Schmetz, Mahler and IVA in
Germany, BMI in France, and Huisen in
China.
The acquisition is subject to certain
conditions, including approval by the
anti-trust authorities.
MTH is a supplier of heat treatment
technologies and services for
the aerospace, machine tool and
automotive industries. Its product range
includes both vacuum and controlled
atmosphere continuous and non-
continuous furnaces.
LOI is a leader in the field of major
furnaces for the heat treatment of
modern materials in the steel, aluminium
and automobile industries. With
companies in Europe, China, the USA
and other countries, LOI is represented
in all the key markets.
“We are already a major supplier
of furnaces for the treatment of
components,” said Erik Micek, chairman
of the management board of LOI
Thermprocess GmbH. “By acquiring
MTH, we have laid the foundation for
further successful growth in major
markets which are still new to us. It
was important for us to find a company
with the same high standards in terms
of production processes and product
quality.”
MTH will also benefit from the
takeover. The facilities in other
countries and integration into the
international organisational structure
of the Tenova Group will play a key
role in expanding the international
significance of MTH and its products
and services.
LOI Thermprocess GmbH – Germany
Fax: +49 201 1891 321
Email:
Website:
Metall Technologie Holding GmbH –
Germany
Fax: +49 2373 686 250
Email:
Website:
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MAGNA-3008 v2.indd 1 04-03-13 09:44
New member
MARC Solvi, CEO of Paul Wurth SA, has been appointed to the managing board
of SMS Siemag AG for 2013. The takeover of the majority share of 59.1 per cent
in Paul Wurth by SMS Holding GmbH was finalised on in December 2012.
SMS Siemag AG – Germany Website: