St Augustin, Germany — Hennecke, a German machinery company, is purchasing OMS Group of Milan, Italy, in a deal that is expected to close in December 2017.
Hennecke buys OMS Group in machinery industry consolidation
‘With this purchase, two technological leaders in the polyurethane machinery business are joining forces to open up opportunities for further growth,’ said Rolf Trippler, Hennecke’s managing director.
His view is echoed by Enrico Lombardini, chief executive of OMS. ‘Joining forces will provide further profitable growth,’ he said.
Lombardini and Andrea Mariani, the OMS executive management team, will retain their responsibilities after closing, the companies said. They added that jobs in both companies will be maintained.
Trippler added that the companies’ product portfolios in the various segments complement each other. ‘We are expanding global technology and market leadership,’ he said.
No price was disclosed.