Meyer Burger subsidiary Muegge GmbH acquires Gerling Applied Engineering
Muegge GmbH, an international manufacturer and supplier of industrial heating microwave and plasma systems, has acquired 100 percent of the shares of Modesto, California based Gerling Applied Engineering, Inc. (GAE)
Meyer Burger Technology Ltd has announced that its subsidiary, Muegge GmbH, which is headquartered in Reichelsheim, Germany, has acquired 100 percent of the shares of the microwave technology specialist Gerling Applied Engineering, Inc. Muegge purchased the shares from the managing partner and founder of Gerling Applied Engineering, John F. Gerling, who will continue in his role as company Vice President to manage the company's operation business. In the 2014 financial year, GAE generated sales of around USD 2 million.
'The acquisition of GAE enables us to offer a complete standardised product line across the entire field of industrial microwave and plasma systems in the USA. It therefore provides us with a decisive competitive advantage while extending our footprint and increasing our share of the worldwide market in industrial microwave technology and in the production of complete industrial systems,' commented Dr Klaus Baumgärtner, CEO of Muegge GmbH.
'We have worked closely together with Muegge GmbH and we are excited about the huge potential resulting from this transaction. Intensifying this cooperation by pooling the two companies' extensive expertise will provide a basis for the growth of market share and ongoing enhancement of our products for the microwave and plasma industry in the USA and beyond. This will enable us to meet customers' requirements even more closely in the future', commented John F. Gerling, the founder and President of Gerling Applied Engineering, Inc.
Meyer Burger will include GAE in the scope of the consolidation retrospectively as of July 1, 2015. The parties have agreed to maintain confidentiality concerning the purchase price.
