Swiss company Feintool has purchased Stanz- und LaserTechnik Jessen GmbH, and is now hoping to expand into the market for electric motor components, first in Europe and then globally.

The purchase agreement for the takeover was signed on 27 June 2018 and, subject to approval from the German Cartel Office, is expected to enter into force at the end of this month. All 200 employees in Jessen (Saxony-Anhalt) are taken over by Feintool. The turnover of Stanz- und LaserTechnik Jessen GmbH in 2017 was around €37m.
“We want to further expand our global and technological position, focusing on our market position in demanding applications in fine-blanking, forming, and now punching and laser cutting of electric motor components,” says Feintool CEO Knut Zimmer. “The technical expertise acquired through the acquisition will significantly advance Feintool’s global market penetration of electric motor components in Europe, the US and Asia, thereby massively investing in the long-term e-mobility market.”
With this acquisition, Feintool is strengthening its position as an automotive supplier and can now also offer its customers global solutions for electric motors, and for hybrid and internal combustion engines.
Andreas Güntsch, head of operations at Stanz- und LaserTechnik GmbH Jessen, says: “We are delighted to have Feintool as a strategic partner who will ensure the long-term security of the company against the backdrop of increasing market demands, the globalisation of our industry and the financing of growth.”
For further information www.feintool.com