myonic GmbH(myonic), a German subsidiary of Minebea Co., Ltd. has announced on May 6, 2013 that the company has purchased the assets of APB Service GmbH (APB), an Austrian bearing manufacturer and trading company . Press information is released as below.
Press release of myonic - May 6, 2013
myonic has purchased the assets of APB Service GmbH (APB), a bearing manufacturer and trading company headquartered in Ebensee, Austria.
The strategic acquisition of APB expands myonic's product mix and opens up an entirely new market to the German manufacturer. APB manufactures AX turntable precision bearings for the machine tool industry as well as engineered solutions for rolling mills, gear boxes, and general machinery. The company also operates as a trading company engaged in the business of supplying axial-radial roller bearings, screw drive bearings, multi-row roller bearings, and customized bearing products to the local Austrian market.
myonic is also gaining significant capabilities through the acquisition. APB's manufacturing capabilities bring new bearing technology to the NHBB/myonic Business Unit in the form of high precision axial/radial roller bearings and larger sizes (up to 800 mm diameter) as well as new processes. APB possesses a strong management team with the motivation to follow growth strategy as well as swift and proven market penetration capabilities. Its strong customer focus and maximum flexibility has given APB a permanent competitive advantage.
myonic plans to transfer the production of AX bearings to its headquarters in Leutkirch, Germany, where it just completed the construction of a new, 3,000 ㎡ manufacturing facility, and establish a new company in Austria, which will manage the trading company activities of APB.
Other News:
myonic GmbH Purchases Assets of Austrian Bearing Manufacturer
New fluid coupling TurboBelt 780 TPXL from Voith raises the productivity of high powered belt conveyors
US Representative Bill Huizenga visits Kaydon Bearings headquarters
New Steel Technology Enables Producers to Avoid Carbon Emissions
Kaman Announces Contract with New Zealand for the Purchase of Ten SH-2G(I) Super Seasprite Aircraft
Global Bearings Market Reviewed in Insightful GIA Report
German Steel Industry Association Sees Uncertainty Ahead
NTN Exhibits at ＂AISTech 2013＂ the Largest Steel Exposition in North America
