Michael Weinig AG, the specialist for woodworking machinery, reports that it concluded an agreement at the end of March to acquire majority shares in H.I.T. Maschinenbau and H.I.T. Keilzinkentechnik. With this strategic acquisition of a company excellently positioned on the market, Weinig is expanding its portfolio in the area of automation and mechanization and is upscaling its Glulam and sawmill technology segment.
Due to the very successful work of H.I.T. in recent years, this acquisition still requires the final approval of the antitrust authorities. H.I.T.'s ongoing projects will continue unchanged.
H.I.T. Managing Directors Franz Anton and Werner Spieth will be responsible for the operational business of H.I.T. in the coming years, and Franz Jeckle will continue to support the team in an advisory capacity for some time.
H.I.T. produces customer-specific solutions for the sawmill and timber industries from its sites in Ettringen and Breitenthal, Germany.
Weinig was founded in 1905 by Michael Weinig as a trading and manufacturing company. Since 1947, Weinig has specialized in the development and production of woodworking machinery and equipment for the solid wood processing industry and workshop businesses.
