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German machine tool manufacturer MAG or loss on the transfer of business | |||
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German machine tool manufacturer MAG is expected before the end of the year will be acquired, according to people familiar with the matter said Goldman Sachs, the seller has the candidate buyers for the delineation of the Chinese machinery industry group and Japan Komatsu production. The two companies are from MAG company of Europe and America business submitted a bid. The offer of € 700000000. MAG machine tool manufacturing industry before the world is ranked 15 last year, 3500 employees worldwide, a turnover of 900000000 euros in Europe, the turnover of 560000000, global pre tax profit of 105000000 euros, the European business because of a decline in orders pre tax losses. According to the analysis, the Japanese Komatsu produced by the chance of winning big. Because it is one of the three global machine tool manufacturing industry. In addition, bank lending companies have doubts from China bidding manufacturers. Other analysts believe that, MAG's American operations for the aviation industry supply, there may be more of a business interest, so do not rule out the American business spun off sold separately. |
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