Swiss company, Striebig AG, inventor and a global market leader in vertical panel saws, is acquiring 100% of the shares in the German premium manufacturer Otto Martin Maschinenbau GmbH & Co. KG, based in Ottobeuren.
With this acquisition, the two long-established engineering companies are combining their expertise in the field of high-quality woodworking machinery, and strengthening their position in the international market for the woodworking trade and related industries. Other market segments include interior fitters, furniture and window manufacturers, and processors of non-ferrous metal sheets.
The merger means the two companies’ product ranges complement each other perfectly. Striebig is the global market leader for vertical panel saws and associated cutting solutions, while Martin offers a broad portfolio of sliding table saws, table routers, planers and sanders. The acquisition creates an expanded range for market partners both nationally and internationally – from cutting technology to precise further processing.
“With Martin, we are acquiring one of the most renowned manufacturers in the premium segment of woodworking machinery,” says Robert Haas, Managing Director of Striebig AG. “Both companies share the same values: the highest quality, technological precision and a clear focus on market needs. Above all, we will continue to strengthen the craft sector together.”
At the same time, Striebig sees growth potential in the merger: “Martin’s range of machines perfectly complements our portfolio. Together, we will offer the market more comprehensive solutions in future. This will enable us to further expand our market position, particularly internationally. Overall, we will also gain momentum in product development,” says Striebig Managing Director, Stefan Moor.
Martin Managing Director, Uwe Schiemann, sees a wide range of opportunities for further development in the takeover. “Both companies share a similar corporate culture,” he explains. “They stand for the highest quality, performance, precision and a clear premium position in the market. Together, Martin and Striebig can accelerate and further expand their technological innovation capabilities.”
A further advantage lies in joint market development and the utilisation of existing sales and service networks: “In future, our customers will benefit from an expanded product range from a strong European premium alliance,” explains Haas. “The merger opens up entirely new opportunities for both companies in sales, development and service.”
All three managing directors would like to express their sincere thanks to the previous Martin owners, who are members of the founding family. With their decision to sell, the family shareholders are securing the long-term future of the company, its employees and the Martin brand.
The Ottobeuren site and the Martin brand will be retained. The aim of the merger is to further build on the existing strengths of both companies. Haas, Moor and Schiemann are convinced that, together with all employees, they will develop innovative solutions for the woodworking industry that will ensure further growth for both companies.
