EMAG Company Transfers Ownership of eldec Induction to New Owners: Job Security Assured
The engineering company EMAG has announced its decision to divest its shares in the specialized manufacturer of induction heating equipment, eldec Induction. This strategic move signifies EMAG's exit from the production and distribution of eldec's products. eldec Induction develops advanced machinery designed for heating materials through electromagnetic induction, primarily utilized in industrial settings for the manufacturing of various components and tools. EMAG has historically leveraged eldec's technology to enhance its own production processes.
Strategic Imperative
This transaction is part of EMAG's broader strategic initiative over the next several years, aimed at enhancing its capabilities in the production of precision-engineered, rotary components. To achieve this objective, EMAG intends to invest heavily in automation, artificial intelligence, and data analytics to optimize its manufacturing processes.
Dr. Mathias Klein, CEO of EMAG, emphasized that the separation of eldec Induction into an independent entity would enable the company to focus on its core competencies while ensuring continuity of service for existing customers. Dr. Klein further stated that despite the transfer of ownership, EMAG will maintain a collaborative relationship with eldec Induction, as the latter's products are integral to EMAG's proprietary machinery. He extended his best wishes to the new management team of eldec Induction and expressed his confidence in the continued success of their partnership.
Customers of eldec Induction will shortly receive an official notification regarding this corporate restructuring.
