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Dutch distributor ERIKS has agreed to acquire the Maagtechnic Group from Datwyler.
The Maagtechnic Group is a European industrial service provider serving OEM and MRO customers, with operating companies in Switzerland, France, Germany and the Czech Republic.
With 580 employees, Maagtechnic had sales of CHF 150 million (US$167.6 million) in 2013.
“With Maagtechnic, ERIKS acquires a strong platform for growth in a new European home market, Switzerland, and significantly strengthens our position in France and Germany," said Johan Sleebus, CEO of ERIKS. "Also the manufacturing facilities in the Czech Republic will lead to further growth opportunities for the whole ERIKS group, as well as further expansion of our activities in Central Europe."