Mag Europe Group secures financial independence

Mag Europe Group, the largest manufacturer of machine tools and industrial systems on the world market,, together with their financing partners and owners, reached an agreement when developing a financing plan, which will allow the company, without selling assets, to maintain independence.

MAG occupies a leading position and supplies the main comprehensive solutions to create modern and efficient production, according to the official representative of the company in Russia tor-group.ru . According to the results of 2012, the MAG reached record sales of tools and equipment, therefore, optimism looks at further prosperity in 2013. The growth of the group was due to the financing and support of long -term partners.

Currently, the concept of the group consists in the investment of significant monetary contributions of the owners, modifying existing shares and expand the expiration date until 12/31/2015.

The basis of perestroika MAG is to strengthen the profitability of the company and create new business structures. Thanks to the successful implementation of measures to restructure and optimize the current business, a significant improvement in quality was achieved and, as a result, improvement of operating activities. The company has no bank debt. In March of this year, sales of shares in the French group were started and are already close to completion.

Dr. Gerald Weber, General Director of Mag Europe GmbH said: “Our efforts should be fruit. The MAG group in Europe with a stable financial base will be able to expand their leading technological developments. Our customers welcome the independent position of our company. Qualified personnel, the trust of our business partners and, not lastly, the contribution of our owners are crucial.”