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SMS Demag to Acquire BEA Group E & A Division
01/26/2009 - SMS Demag announces plans to acquire the Electrical and Automation division of Düsseldorf-based BEA Group.
SMS Demag AG announced that it will acquire the Electrical and Automation division of Düsseldorf-based BEA Group. Both parties have agreed not to disclose the purchase price.
The BEA Group Electrical and Automation division’s main areas of activity are in the field of industrial automation for the metallurgical and steel industry, for the automotive industry, and for logistics applications. Its range of products and services, which comprises the complete planning and implementation of electrical and automation projects, is also characterized by special know-how for metallurgical and steel-industry modernization projects.
In the 2007 fiscal year, the Bea Group’s 92 employees generated sales amounting to around 22 million EUR. By comparison, SMS Demag, one of the worlds’s leading machinery and equipment building firms in the field of metallurgical plant and rolling mill technology, had a 2008 order intake of around 4 billion EUR.
SMS Demag said the acquisition is in keeping with the continued expansion of its range of services in the field of electrical and automation systems for new plant and modernization projects. In this respect, the company has established itself on the market as an integrated systems supplier, offering all-inclusive mechatronic solutions for the steel industry.
Scheduled to be completed at the end of February 2009, the acquisition is subject to examination and approval under antitrust law. Following the acquisition, SMS Demag will continue to operate the division as an independent company under the name of LUX Elektrotechnik und Automation GmbH & Co KG, with head office in Düsseldorf.
SMS group is, under the holding SMS GmbH, a group of companies internationally active in plant construction and mechanical engineering for the steel and nonferrous metals industry. It consists of the two Business Areas SMS Demag and SMS Meer, which jointly form SMS metallurgy. In 2007, some 8000 employees worldwide generated a turnover of about EUR 3.0 billion.
