JSC "Kirov Plant" has completed the acquisition of one of Europe’s leading manufacturers of machine tools — Germany company Monforts Werkzeugmaschinen GmbH & Co., Said the Russian plant.
Under the deal, the ownership of "Kirov Plant" has passed 100% of the shares Monforts Werkzeugmaschinen GmbH & Co., Located in the state of North Rhine — Westphalia. Monforts machines used in aircraft (MTU, Rolls-Royce, Pratt & Whitney), aerospace (RSC "Energia"), the automotive industry and other fields.
The contract signing was preceded by many years of cooperation between the parties. "Kirov Plant" is not only Monforts machines were equipped with production lines of JSC "Petersburg Tractor Plant", JSC "Kirov-Stankomash" and its other subsidiaries, but also was the official distributor of the German company in the CIS.
One of the priorities of the "Kirov Plant" is the expansion and improvement of machine tool segment of the Group. Acquisition Monforts Werkzeugmaschinen GmbH & Co aims to promote the development of technologies and competencies of the Russian enterprise in the field of product innovation and manufacturing of high-precision machine tools, and effective.
The deal is aimed at improving the production base of the group of companies "Kirov Plant" and the integration of the holding in the global economy.
JSC "Kirov Plant" — one of the largest industrial holding Russian machine-building industry. Main activities: metallurgy, agricultural and construction machinery, power machinery, machine and tool manufacturing and machining of parts, as well as management of non-productive assets.
Consumers of the products of the factory are agriculture, fuel and energy complexes, road, industrial and civil construction, oil and gas, nuclear energy, defense sector, forestry, utilities, railways, shipbuilding, eskalatorostroeniya.
Exports of finished products of the holding is in more than 20 countries. In 2012, the revenues of the group of companies "Kirov Plant" is 18 billion rubles.