OTTOBRUNN, GERMANY - On 24 July 2014, Strama-MPS Maschinenbau GmbH & Co. KG located in Straubing, Bavaria, took possession of 51% of the company’s shares from owner and president Dr. Farhad Farassat. It was also agreed that Dr. Farassat will remain active in the company for another three years before the remaining shares will change hands.
) has very successfully carved a position for itself as a specialty equipment supplier in the automotive, electrical and solar technology industries. Joining forces will create considerable synergies for both companies, not only on the market side but also on the sourcing side. Strama-MPS has been very successful in providing large and complex automation solutions for various industry segments, especially in the highly demanding automotive industry. Due to their in-house production facilities which include plants in lower-cost countries such as
Croatia and China, they enjoy a large degree of vertical integration. F&K Delvotec, on the other hand, provides highly regarded and leading-edge technologies in wirebonding.
Dr. Farassat comments on the transaction: "The deciding factor to join forces with Strama-MPS was that both our companies share the same philosophy. Strama-MPS with about 800 employees world-wide is a typical, family-owned Mittelstand company and yet is large enough to have the standing and the resources to compete successfully in global growth markets. I am happy to know that the future of the entire F&K Delvotec family which Said Kazemi and I built over 37 years into a highly esteemed technology leader will be in capable hands. All of us here at F&K Delvotec are grateful for the many years of fruitful and pleasurable cooperation with our customers that we have enjoyed. This will, I am confident, not change in the future."
As detailed by Dr. Farassat, F&K Delvotec will keep the company seat, R&D and production as well as sales and service departments and all employees at the company headquarters in Ottobrunn. Likewise, the locations and employees of the sales and service subsidiaries in Singapore and Foothill Ranch, California, will remain unchanged.
CONTACT: F&K Delvotec, Bondtechnik GembH, Daimler Str. 5-7, 85521 Ottobrunn, Germany. www.fkdelvotec.com