Advising MAG IAS LLC on the sale to Fives SA
Represented by Dr. Taro Niggemann
MAG IAS, LLC is a leading machine tool manufacturer based in Sterling Heights, Michigan. The company specializes in manufacturing durable-goods machinery such as vertical machining centers, horizontal machining centers, 5-axis machining centers, and grinders. Additionally, MAG IAS provides services such as MAG OEM Parts, OEM Replacement Parts, and machine tool maintenance and repair.
Fives SA is a French industrial engineering operator engaged in the design, production, and sale of equipment for the automotive, aerospace, chemical, and other industry sectors. The company manufactures precision machine tools, automation systems, printing equipment, and other related products.
Following transaction team facilitated the transaction.
About the sector
Germany is among the top 3 largest manufacturers of machinery. The machinery and plant engineering sector is a leading force in exports and innovation. The industry, which is strongly characterised by small and medium-sized enterprises, is responsible for the production of complex goods for the economy and the creation of technologically sophisticated preliminary products.
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