Wuppertal, 7 January 2014 – MAE Maschinen- und Apparatebau Götzen GmbH, which is based in Erkrath near Düsseldorf and is a GESCO Group company, has taken over the business operations of Eitel Presses Inc., Orwigsburg, Pennsylvania, via its subsidiary MAE of America Inc.
Eitel Presses was founded in 1973 and is the American market leader in straightening machines. The company has around 50 employees and annual sales of around EUR 10 million. Its customers are primarily companies in the automotive, aerospace, agricultural technology and construction industries. In addition to the American market, Eitel Presses mainly generates sales in Canada, Mexico and South America, with exports accounting for approximately 20% of its turnover.
The CEO, who has been with the company for a number of years, will have a stake in the MAE subsidiary, which will operate in future under the name MAE Eitel Inc.
MAE Maschinen- und Apparatebau Götzen GmbH is the world market leader in automatic straightening machines and wheel set presses; its world market share in both product groups is over 60%. The purchase of Eitel Presses is an important strategic step for MAE, allowing it to significantly strengthen its presence in the American market. In future, MAE Eitel will sell Eitel machinery, which is established on the American market, and straightening machines employing MAE technology. With the straightening machine for large components developed by MAE GmbH, as well as its wheel set presses, new customers from industries such as steel and rail can also be served in the USA. MAE Eitel offers its customers servicing for straightening machines from Eitel, Hess and MAE. Eitel Presses alone has over 1,000 automatic straightening machines in operation across the USA. With the takeover, MAE Maschinen- und Apparatebau Götzen GmbH will significantly improve its position in the American market and create a foundation for increased participation in significant growth expected there.