The management is pleased to announce that the BEUMER Group, Beckum, a leading international company in the business fields Conveyor and Loading Systems, as well as Palletizing and Packaging Technology, has acquired FAM in its entirety. The notarial contracts were signed this morning.
The acquisition was possible, among other things, through an intense restructuring in Germany, which you, as employees, experienced first-hand. The management is grateful for your assistance and support; only in this way was the rescue of FAM GmbH possible.
In particular, the establishment of the transfer company, to which many colleagues transferred, and a successful reorganization of the global network, made the sale possible. We must not forget that the company was in insolvency in Germany. The management is glad to have found with the Beumer Group a strategic investor for growth. We see good potential for global expansion in orders and turnover. In this context, the acquisition makes more than sense.
The business areas of the two companies complement each other ideally, according to the analysis of industry experts. With over 4500 employees in more than 70 countries, the BEUMER Group has among other things a focus on materials handling technology in the raw materials business. BEUMER Group has also been stably established in the market for decades in bulk materials technology. As FAM is one of the world's leading full-range suppliers of bulk handling and processing equipment, it significantly strengthens BEUMER Group's market position in the field of large-scale equipment and service. FAM's leading technology on extraction, handling and processing fits well with the BEUMER Group portfolio.
The BEUMER Group offers FAM a long-term perspective based on the highest quality, sustainability and innovation: For almost 90 years, the BEUMER Group, as a family-run and fully self-financed company, has been developing customized system solutions for the mining industry, among others.
For Dr. Christoph Beumer, CEO and Chairman of the Management Board of BEUMER Group, this acquisition reinforces the long-term orientation of the company in the segment of extraction, processing and handling of raw materials. According to Dr. Beumer, the company's slogan is long-term success and not short-term profit. In this sense, it is necessary to act in a straightforward and consistent manner, even in economically difficult times. The company has done its homework in recent years and is now consistently investing in a qualitative expansion of its portfolio, emphasizes Beumer. The acquisition of FAM by the BEUMER Group means that the two companies will be better able to respond to the current technological transformation and changes in the demand for raw materials.