MAAG Group to acquire XanTec to strengthen its digitalization capabilities
MAAG Group has strengthened its digital capabilities by acquiring Germany-based XanTec Steuerungs- und EDV Technik GmbH (“XanTec”).
XanTec plans, designs and manufactures advanced industrial control systems that are employed in production plants, pelletizing systems and extruders, thereby improving process control and machine intelligence to reduce cost and improve quality.
“Thoughtfully applied digital technologies enable Maag to provide world-class intelligent, agile and competitive solutions to our customers. This acquisition fits perfectly with our strategy to strengthen our digital capabilities,” said Ueli Thuerig, President of the MAAG Group. “Additionally, this acquisition is aligned with our goal to continue expanding our portfolio with industry-leading systems and solutions.”
XanTec Managing Director, Hilger Schürmann, stated, “We are excited to partner with the MAAG Group and appreciate the recognition of XanTec’s solutions and technology. Digitalization is an important trend in our industry, even more so in today’s economic environment. XanTec has a portfolio of digital products and solutions that holds incredible promise to generate new sources of value.”