Parker takes over the Jäger corporate group's automotive business division
Hannover 2016-07-01 – Arnold Jäger Holding GmbH announces the successful sale of Jäger Automobil-Technik GmbH with its locations in Osterode and Hildesheim as well as Jaeger Automotive Polska z.o.o., in Gryfino, Poland to the Parker Hannifin Corporation. The company is one of the world's leading manufacturers of motion and control technologies and systems.
The Jäger-Group and Parker are closely linked by a long and successful business relationship. The positive business development of both companies is to be further strengthened by integrating Jäger Automobil-Technik into the Parker Hannifin Corporation. Parker is expanding its process engineering expertise in 2K injection moulding and will continue to develop this technology through appropriate investment aimed at growth.
"With its international sales and production structure, Parker has other options for integrating our specific technology in direct plastic/rubber bonding into the OEMs' platform projects.
Our excellent development and production platforms in Osterode, Hildesheim and Gryfino ideally complement Parker's multi-component technologies. The customer base of both companies does not overlap resulting in new prospects for all employees and customers," explains CEO Dr.-Ing. Andreas Jäger.
The Jäger corporate group with its German and international locations and 800 employees in total will focus more on the mechanical and plant engineering, agricultural technology, environmental engineering and oil/gas exploration sectors in future. "We will use the capacities freed up after the transfer to support our customers even more comprehensively and efficiently in future. Our healthy capital base allows us to further strengthen our focused growth on our international target markets," says Dr.-Ing. Andreas Jäger.