The Swiss forming machinery specialist Hatebur Umformmaschinen AG agreed to buy Carlo Salvi SpA, a cold-forming machine builder headquartered at Garlate, Italy. Without listing the purchase price, the two firms explained that Hatebur would buy all the shares of privately held Carlo Salvi, and that the organizations, locations, and employment totals would continue unchanged.
The deal became effective on April 1.
“The merger of Hatebur and Carlo Salvi will strengthen the positions of both companies and is the perfect geographical market expansion,” according to Hatebur CEO Thomas Christoffel.
Hatebur specializes in designing and building hot and cold forming machines. It currently employs about 180 at offices in Switzerland, China, Japan, and Germany.
Carlo Salvi develops and manufactures cold forming machines. It has 92 employees currently, at offices in Italy, China, the U.S. and U.K.
“Thanks to the small overlap between the product ranges, our customers will benefit from a wider range from a single source and in particular from innovative technologies and services in the field of cold, warm and hot forming,” says Dr. Sergio Ziotti, former owner and CEO of Carlo Salvi.