Forging and forming press builder Schuler AG plans to takeover die designer and manufacturer Aweba, expanding its capabilities in that related sector of production process technology. The terms of the acquisition were not announced, but Schuler will gain 100% control of privately held Aweba Werkzeugbau GmbH.
The transaction remains subject to anti-trust approval, according to Schuler.
“We are delighted to add a successfully managed company like Aweba to our group,” commented Schuler CEO Stefan Klebert. “With its high level of expertise in research and development and excellent engineering know-how, the company is a perfect fit for Schuler.
“The acquisition is part of our growth strategy,” Klebert continued. “Aweba complements our product portfolio in forming technology in line with market requirements, and will expand and strengthen our existing activities in die construction.”
Aweba manufactures forming dies for automotive and electrical markets worldwide, as well as dies for machine and plant manufacturers. Its product portfolio includes forming dies, cutting dies, hydroforming dies, and diecasting dies, as well as fixtures and a comprehensive range of services.
Aweba was founded in 1882 and generated sales of about €60 million (est. $68 million) in 2015. It has about 600 employees, including 200 engineers and skilled technicians involved in tool design and manufacturing
“Becoming a member of the Schuler Group opens up tremendous opportunities for the further expansion of Aweba,” according to Aweba CEO Udo Binder. “Schuler’s global market standing will enable us to quickly grow our international presence and enhance our profile as a global system supplier. This gives Aweba growth opportunities which would not have been achievable without Schuler.”