Maag Group has entered into a definitive agreement to acquire Sikora AG. The move is intended to expand Maag’s capabilities in machine learning, industrial IoT and AI-driven technologies.
Maag Group, based in Oberglatt, Switzerland, provides pump and filtration systems, pelletizing and pulverizing systems, recycling systems and digital solutions. Sikora is headquartered in Bremen, Germany, and produces measuring and control systems for various applications, including plastics.
“Sikora’s outstanding products address similar customer needs in resin-related markets to ours, and its offerings provide Maag with increased exposure to highly attractive market adjacencies where we have existing industry knowledge and customer relationships,” said Ueli Thuerig, president of Maag Group. “Our shared capabilities and go-to-market strategies will generate material cross-selling benefit with a highly complementary portfolio of products and technologies, deepening our joint value proposition and integration with our OEM partners and end customers.”
“With the Maag Group, we have found our ideal partner for the future,” said Sikora’s founder and managing director, Harald Sikora, who will remain with the company in an advisory capacity. “Sikora and Maag are connected by more than just a strategic goal; we share core values — innovative strength, entrepreneurial spirit, sustainable thinking and the clear pursuit of long-term success.”
Christian Frank, CEO and chairman of the management board of Sikora, said, “The partnership with the Maag Group is a strong sign for our future: for Sikora, for the Bremen location and for our global team. ... For our employees, this transaction means security, new perspectives and the opportunity to continue our success story together.”
Frank and the rest of Sikora's management board will remain in place.
The transaction is expected to close in the second quarter.
