ONWARDS. Expansion in China

MAX Automation SE takes an important step towards expansion in China

– Majority acquisition of the Chinese machine manufacturing company Shanghai Cisens Automation Co., Ltd.

– MAX Automation (Shanghai) Co., Ltd. enables the development of international projects for the global automotive industry

Düsseldorf / Shanghai, March 7, 2018 – MAX Automation SE is driving Chinese expansion onwards. To this end, the specialist company for high-tech machine manufacture has announced the acquisition of a majority stake in the business of Chinese Shanghai Cisens Automation Co., Ltd. Closed end of February 2018. To implement the transaction, the business operations of Shanghai Cisens Automation were transferred to a new company, MAX Automation (Shanghai) Co., Ltd. as part of an asset deal, in which MAX Automation holds 51% of the shares and the founder and CEO Roger Lee holds 49%. There is an option to gradually acquire all remaining shares in the coming years. The transaction volume is in the low double-digit million euro range. With this acquisition which was agreed in August 2017, MAX Automation has taken a significant step towards establishing its own organization in China.

MAX Automation (Shanghai) Co., Ltd. is a specialist company for industrial automation. The automotive industry is by far its largest customer group. The company has long-standing relationships with Chinese suppliers and has around 200 employees in Shanghai and Changchun, the centers of the Chinese automotive industry. MAX Automation now has its own high-tech capacities as well as production and service locations in China. The strategic goal is to increase local added value when handling customer projects. The investment also enables synergies for the existing activities of the MAX Group companies in the country.

Daniel Fink, CEO of MAX Automation SE: “China is the largest automobile market in the world and occupies a leading position in the sale of electric vehicles. Thanks to this acquisition, we’re now in a position to manufacture systems for vehicle production of identical design in Germany, the USA and China – and that will provide comprehensive support to internationally active customers in the world’s most important markets. And we’re consistently pursuing the goal of expanding our presence in the Chinese market at the same time, in line with our 2021 growth strategy.

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