Gurten, Austria -- Fill Maschinenbau is buying 51 percent of German company's amTec Trading, which "has successfully specialised in the production of low-pressure casting machines and has a world market share of around 25 percent in this segment. In the last financial year, the 35 employees of amTec generated a turnover of Euro 11 million ($14.3 million).
AmTec ceo Jörg Alexander Ronde holds a 49 percent stake, and will remain as ceo, said Fill's 5 Oct statement.
Austrian company Fill says continuous innovation has led it to hold a leading position in gravity casting for many years, and it also develops high-tech solutions for low-pressure casting machines.
The low-pressure casting systems manufactured by amTec for more than 20 years under the product name GIMA are in operation in leading foundries worldwide. Market volume in this segment worldwide is around 300 machines per year.
This is Fill's first participating interest in a company outside Austria. "With the shareholding in amTec, we are expanding on the one hand our product portfolio, and on the other hand it offers a number of synergies of which we can make good use," explain Andreas Fill and Wolfgang Rathner, the two ceos of Fill Maschinenbau.