The press manufacturer Schuler AG has acquired a majority shareholding in the Chinese machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon) and thus strengthened its position in the world\u2019s most important growth market for machine tools. This was recently announced by Schuler\u2019s CEO Stefan Klebert in G\u00f6ppingen.
\nSchuler has signed an agreement to purchase a majority stake of at least 51 percent in Yadon. There is also an option to increase this shareholding. Both sides have agreed not to disclose the purchase price, which Schuler will finance from its own funds. The current management team and some employees will continue to hold a stake in the joint venture. The cooperation is still subject to approval by the relevant anti-trust authorities.
\n\u201cChina is our fastest growing sales market and the world\u2019s largest market for presses. By acquiring a stake in Yadon, we will gain access to a large group of Chinese customers who we previously hadn\u2019t served,\u201d stated Klebert.
\nWith around 1,100 employees, Yadon generated revenue of approximately \u20ac 120 million in 2014. Founded in 1958, the majority of the company\u2019s shares are held privately. Yadon is one of China\u2019s leading press manufacturers. The company\u2019s main base is located in Yangzhou, Jiangsu Province, 300 kilometers north of Shanghai.
\nAt its three facilities, Yadon produces mechanical presses for metalforming processes, such as C-frame presses, blanking presses and tie rod presses. \u201cThese will expand Schuler\u2019s product portfolio in the medium and lower price segments,\u201d added Klebert. Yadon\u2019s clients include major Chinese companies in the automotive supply industry, as well as manufacturers of heat exchangers for air conditioning units, suppliers of electric motors, and the entire metalworking industry.
\nThe company is targeting growth in China and other markets with new presses for the mid-range segment. Schuler will support the development of these presses by providing its extensive technological know-how.\u00a0 Schuler is represented in China since 1992 and has around 400 employees at several sites in China \u2013 including facilities in Shanghai, Tianjin and Dalian.<\/p>\n","protected":false},"excerpt":{"rendered":"
The press manufacturer Schuler AG has acquired a majority shareholding in the Chinese machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon) and thus strengthened its position in the world\u2019s most important growth market for machine tools. This was recently announced by Schuler\u2019s CEO Stefan Klebert in G\u00f6ppingen. Schuler has signed an agreement<\/p>\n