THE ECHO - Ferrostaal

MAN AG
MAN SELLS TAKRAF FÖRDERTECHNIK
MAN AG is selling the MAN Ferrostaal subsidiary Takraf
Fördertechnik GmbH. The buyer is VTC Industrieholding
GmbH in Munich. Neither company has disclosed the sale
price.
In the fiscal year 2005, Takraf, based in Leipzig, traded
profitably and registered a turnover of 122 million euros with
a workforce of 485. The company manufactures equipment,
systems and complete installations for open cast mining, porthandling
and crane technology and bulk materials handling.
The company has a sales and distribution network covering all
five continents, and offers an end-to-end portfolio of services
in its field, from development and engineering to manufacturing
and assembly. The company is particularly renowned for its
open cast mining products, and almost half of all bucket-wheel
excavators in the world were produced by MAN Takraf.
THE ECHO 1/2006 59
The company became part of the MAN Group in 1994, when
MAN consolidated its own materials handling activities with
those of TAKRAF Lauchhammer GmbH.
With the sale of Takraf, MAN Ferrostaal is continuing on its
course of focussing on its core business. In 2004, the company
disposed of none-core business to the value of 214 million
euros and 1,400 employees. This year and next, the company
plans to dispose of other non-core areas with a turnover value
of 180 million euros and 800 employees.
Daniel Reinhardt