Mahr Group Acquires the Business of Helios Messtechnik, Dörzbach, Germany, as of April 1, 2006
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Mahr Federal Inc.
1144 Eddy St.
Providence, RI, 02905
Press release date: April 1, 2006
o Managing Directors of both companies have signed an agreement for the acquisition of Helios Messtechnik GmbH & Co. KG by the Mahr Group o The new corporation, Mahr Helios will extend the Mahr Group's product portfolio in the field of shaft measurement
Providence, RI -- With the acquisition of Helios, the Mahr Group enhances its existing product range in horizontal length measurement with the brands SIP and Helios, as well as in the field of optical and tactile shaft measurement with the brands Helio-Pan and Helio-Scope. Top management of Mahr expects further synergies and a positive impact for the new corporation, Mahr Helios Messtechnik GmbH & Co. KG, in strengthened sales performance and extended research and development.
A first combined exhibition is planned for Control 2006, the international trade fair for quality assurance in Sinsheim, Germany, at the beginning of May. With this acquisition, Mahr further strengthens its competitiveness as a complete supplier of dimensional metrology products and systems.
Helios Messtechnik has a workforce of 75 employees and expects a turnover of about 10 Million Euros in 2006. The operating company is located in Dörzbach, in the north of Wuerttemberg, Germany, and offers expertise and many years of experience in the fields of optical (non-contact) and tactile (contact) shaft measurement, as well as in precision gages. The Mahr Group will soon begin with the integration of these businesses into its worldwide activities.
For the Mahr Group, with about 1500 employees worldwide, the acquisition of Helios provides a further opportunity to extend its product range among new and existing customers in the field of shaft measurement. Thus the Helios Messtechnik GmbH & Co. KG acquisition ideally complements Mahr GmbH Esslingen (precision gages) and the Mahr GmbH Göttingen (precision length metrology and form and position tolerance testing). Messers Thomas Keidel and Stephan Gais will act as Managing Directors of the newly formed company.
For additional information, contact: Marketing Mahr Federal Inc. 1144 Eddy Street Providence RI 02905 USA Tel: (800) 333-4243 or (401) 784-3100 Fax: (401) 784-3246 Email: firstname.lastname@example.org Web site: http://www.mahr.com
Contact: Mahr Federal Inc. Gary Robison 1144 Eddy Street Providence RI 02905 USA (401) 784-3275