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Company News, 2005-10-07, 08:01 AM

Sale of MetalCutting successfully concluded

The closing of the sale of the MetalCutting business unit was completed yesterday after regulatory approval was received.

The buyer is the US company Maxcor, which is based in New York. The acquisition of MetalCutting expands Maxcor's product spectrum in the machine tool business.

The sale of the MetalCutting business unit completes the portfolio optimization of the Technologies segment. In the future, Technologies will concentrate on the business units with growth potential - Plant Technology, Marine Systems and Mechanical Engineering.

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