Finlands MSK acquires major mining cabin manufacturer Matec

first_imgThe Finnish industrial conglomerate MSK Group has acquired the entire share capital of Matec GmbH, a cabin manufacturer operating in Germany and Slovakia. With the acquisition, Matec’s plants in Döbeln and Lipany become part of MSK Group. Matec manufactures cabins for machinery of many major mining OEM brands, such as Volvo CE, Liebherr and Komatsu including those on models such as the Liebherr R 9200 and Komatsu PC4000 hydraulic excavators.The acquisition is part of MSK Group’s strategy with which the group takes a confident step toward its goal of being the leading system supplier of safety cabins for mobile machinery in Europe. “The acquisition is a significant step for the company and the entire region. The Central European expansionwill not replace the Finnish operations but will supplement them, further strengthening MSK Group. We will continue to handle the Nordic, Baltic and Russian markets from Finland, while Matec will concentrate on customers in Central Europe. Supplemented with the expertise of MSK Plast, particularly in manufacturing plastic parts for mobile machinery, we will be one of the largest contract manufacturers of mobile machinery in Europe,” says Timo Lehtioja, President of the Group. He adds that the family business has a genuine will to develop its operations at all sites. “In accordance with our values, we want to provide our customers with exceptional quality, reliability and partnership while taking care of the well-being, safety and development of our staff.”“We are enthusiastic about the Matec’s new industrial owner that is a world-class leader in cabin manufacturing. We believe that Matec can reach a new operational and turnover level as part of MSK Group,” says Matec GmbH’s CEOs Carsten Prilop and Stefan Thieme. Matec’s operative management will continue with their duties, reporting to MSK Group’s President, Timo Lehtioja.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *