Liebherr-Verzahntechnik GmbH (Kempten, Germany) purchased all of the shares of Wenzel GearTec GmbH (Karlsruhe, Germany), a manufacturer and seller of gear measuring machines, software and accessories that includes a large selection of 4-axis gear measuring machines. Their combination of high-precision measuring technology and specially-developed software for gear measurement is used for automotive area, aerospace, and general mechanical engineering applications.
Wenzel GearTec will be integrated into the organization of Liebherr-Verzahntechnik, all of their employees will be retained, and, for the time being, the company will continue to operate under their own name and as a wholly-owned subsidiary of Liebherr-Verzahntechnik. All existing contracts and legal relationships shall remain in place. The locations in Karlsruhe and Shanghai will also remain. The contracting parties have agreed not to disclose the purchase price as well as any other details. The acquisition is subject to the implementation of certain commercial processes. The process is expected to be completed in June. After completion, Liebherr will act as the shareholder of Wenzel GearTec GmbH.
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