Smart Molding International 2-2021

7 newsfeed www.smart-molding.com The Munich-based ma - chiner y manufacturer KraussMaffei Group is sell - ing its subsidiary KraussMa - ffei Austria to the Austrian family-owned company Luger GmbH. There, it will continue to operate under the name KMATMaschinen- und ServiceGmbH. The eight employees of the former KraussMaffei Austria will continue to be employed. The transaction took effect on March 1, 2021. With this sale, the Krauss - Maffei Group is aiming to further intensify its sales and service business in the Austrian and Hungarian markets for injection mold - ing, reaction process and extrusion machinery. The KraussMaffei Group is one of the world's leading sup - pliers of all three technolo - gies. Following the takeover of the previous KraussMaf - fei employees, more than 60 experts will in future be responsible for sales and support of plastics ma - chinery under the Krauss - Maffei and Netstal brands. Both brands belong to the KraussMaffei Group. The Luger GmbH is an Aus - trian family business with headquarters in Purkersdorf near Vienna. The company's business activities focus on sales, planning, assembly and service of machines and peripheral equipment for the plastics processing industry. KraussMaffei and Luger had already extended their sales cooperation in the middle of last year. Dr. Michael Ruf, CEO of the KraussMaffei Group, is confident that KraussMaffei customers in particular will benefit from the transac - tion: "The sale of Krauss - Maffei Austria is part of our strategic realignment. It will bring us even closer to our customers. With the sales and service competence of Luger and its employees, we will be able to act even faster and more efficiently in Austria and Hungary in the future." Luger ’s CEO Thomas Luger also expects a sig - nificant increase in com - petitiveness from the in - tegration of KraussMaffei Austria into Luger GmbH: "The integration of Krauss - Ma ffe i Aust r i a unde r the future name KMAT Maschinen- und Service GmbH will considerably strengthen us. We want to continue the brand and maintain the pioneering spirit of the KraussMaffei employees. For the future, we plan to be able to of - fer the entire KraussMaf - fei product portfolio and the complete range of pe - ripheral equipment from a single source. We will also operate in the market with even more service techni - cians and thus be able to look after our customers even more intensively." Luger intends to expand its market presence in the coming years, particularly in Hungary. A modern techni - cal center is to be built there in the greater Budapest area. Furthermore, Luger plans to hire additional Hungarian specialists and to further expand its ware - house capacities. KraussMaffei www.kraussmaffei.com Dr. Michael Ruf, CEO of KraussMaffei KraussMaffei sells KraussMaffei Austria to Luger GmbH